# First Brands Group to acquire Horizon Global

First Brands Group, a global automotive parts manufacturer, will acquire Horizon Global, a manufacturer of towing and trailering equipment, in an all-cash tender offer for $1.75 per share. The transaction was announced on January 3, 2023.

- Type: Acquisition
- Announced: 2023-01-03
- Where: Plymouth, Michigan, United States
- Status: announced
- Products: towing and trailering equipment
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [First Brands Group](https://endata.com/companies/49033.md)
- [First Brands Group](https://endata.com/companies/49033.md) (acquirer)
- [Horizon Global](https://endata.com/companies/67644.md) (target)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20230103005205/en/Horizon-Global-Announces-Agreement-with-First-Brands-Group), 2023-01-03: "The Transaction represents the culmination of a thorough review of strategic alternatives announced in August and represents what we believe is the best outcome for our customers, suppliers, shareholders and employees."
- [dbusiness.com](https://www.dbusiness.com/daily-news/horizon-global-to-be-acquired-by-rochesters-first-brands-group/), 2023-01-04: "The transaction represents the culmination of a thorough review of strategic alternatives announced in August, and represents what we believe is the best outcome for our customers, suppliers, shareholders, and employees."
- [natda.org](https://www.natda.org/news/horizon-global-to-be-acquired-by-first-brands-group), 2023-01-09: "Horizon Global's portfolio of pioneering towing and trailering brands and innovative products are complementary to First Brand's well recognized portfolio of braking solutions"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.