TriMas Spinoff of Cequent Aims to Reduce Debt
Proposed TriMas Corp. spinoff Horizon Global Corp., which comprises the Cequent Group, will be a Delaware company headquartered in Bloomfield Hills. According to Crain’s Detroit Business, the move will carve away 2,700 of its parent’s 7,000 employees, and cut aggressively into production costs. And these moves will help keep a lid on debt, according to […]