Horizon Global to offload APAC towing and trailering equipment business
US-based Horizon Global, a manufacturer of towing and trailering equipment, has agreed to divest its Asia-Pacific (APAC) business segment to Pacific Equity Partners for AUD 340 million in cash. Horizon Global plans to use the cash from the sale of the towing and trailering equipment business in APAC to bring down its debt significantly and […]