M&A Deal Summary

Horizon Global Acquires Cequent Performance Products

On July 1, 2015, Horizon Global acquired automotive company Cequent Performance Products from TriMas

Acquisition Highlights
  • This is Horizon Global’s 2nd transaction in the Automotive sector.
  • This is Horizon Global’s 2nd transaction in the United States.
  • This is Horizon Global’s 1st transaction in Michigan.

M&A Deal Summary

Date 2015-07-01
Target Cequent Performance Products
Sector Automotive
Buyer(s) Horizon Global
Sellers(s) TriMas
Deal Type Divestiture

Target

Cequent Performance Products

Plymouth, Michigan, United States
website
Cequent Performance Products' corporate headquarters in Plymouth, Michigan.
Cequent Performance Products' corporate headquarters in Plymouth, Michigan.
Cequent Performance Products, Inc. (Fulton) is a manufacturer of line of trailer jacks, winches, and couplers.

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Buyer(S) 1

Buyer

Horizon Global

Plymouth, Michigan, United States

website


Category Company
Founded 2015
Sector Automotive
Revenue 782M USD (2021)
DESCRIPTION

Horizon Global is a designer, manufacturer and distributor of a wide variety of high-quality, custom-engineered towing, trailering, cargo management and other related accessory products on a global basis, serving the automotive aftermarket, retail and OE channels. Horizon Global was founded in 2015 is based in Plymouth, Michigan.


DEAL STATS #
Overall 3 of 4
Sector (Automotive) 2 of 3
Type (Divestiture) 2 of 2
State (Michigan) 1 of 1
Country (United States) 2 of 2
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 Cequent Consumer Products

Solon, Ohio, United States

Cequent Consumer Products, Inc. is a designer, manufacturer and marketer of innovative accessories for the automotive, recreation, and trailering aftermarket.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-25 Westfalia-Automotive

Rheda-Wiedenbrück, Germany

Westfalia-Automotive GmbH is a manufacturer of towbars, wiring kits and carrier systems for cars and light utility vehicles with an international presence.

Buy €89M

Seller(S) 1

SELLER

TriMas

Bloomfield Hills, Michigan, United States

website


Category Company
Founded 1986
Sector Diversified
Employees3,200
Revenue 884M USD (2022)
DESCRIPTION

TriMas is a diversified designer, manufacturer and distributor of engineered and applied products that serve a variety of industrial, commercial and consumer end markets worldwide. TriMas was founded in 1986 and is based in Bloomfield Hills, Michigan.


DEAL STATS #
Overall 6 of 7
Sector (Automotive) 2 of 2
Type (Divestiture) 5 of 6
State (Michigan) 4 of 4
Country (United States) 6 of 7
Year (2015) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 Cequent Consumer Products

Solon, Ohio, United States

Cequent Consumer Products, Inc. is a designer, manufacturer and marketer of innovative accessories for the automotive, recreation, and trailering aftermarket.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-19 Plastic Srl

Forlì, Italy

Plastic Srl is a privately-owned manufacturer of polymeric caps and closures for home care product applications. Plastic Srl predominantly manufactures single-bodied and assembled caps and closures, including child-resistant closures, for home care product applications, such as detergent and household cleaning products. With more than 100 closure product designs, including several patented closure systems, Plastic Srl serves the home care market in Italy and other European countries.

Buy -