Horizon Global Completes Acquisition of Westfalia-Automotive and Terwa

Addition of Westfalia and Terwa provides compelling strategic
global expansion and increased scale in Europe

TROY, Mich.–(BUSINESS WIRE)–Horizon Global Corporation (NYSE: HZN), one of the world’s leading
manufacturers of branded towing and trailering equipment, announced
today the completion of its acquisition of Westfalia-Automotive and
Terwa, collectively referred to as Westfalia, a European-based leader in
towing and trailering products. The businesses were acquired from an
investor consortium led by DPE Deutsche Private Equity, which is now a
shareholder of Horizon Global. The companies initially announced plans
for the transaction on August 25, 2016.

With the acquisition of Westfalia, Horizon Global now becomes an
approximately $850 million global business and the leading manufacturer
of towing and trailering equipment in Europe. Through a significantly
expanded global footprint and a much wider network of customers for its
industry-leading products, the Company is well-positioned for continued
growth in both revenue and profit.

“The completion of this acquisition marks a transformational day in our
Company’s history,” said A. Mark Zeffiro, President and Chief Executive
Officer of Horizon Global. “We are thrilled to add Westfalia’s iconic
brands, design innovation, and manufacturing expertise to our proven
global platform. Incorporating Westfalia into the Horizon Global family
positions us to increase operational efficiencies and accelerate product
innovation, meeting the needs and exceeding the expectations of our
customers. Further, Westfalia greatly complements our business and adds
to a powerful portfolio of companies that are established, global market
leaders and innovators. This acquisition expands our brands’ regional
and global profiles, allowing us to provide a broadened product offering
to both new and current customer channels.

“Of particular note, this acquisition is especially beneficial for
customers of TriMotive, the OE division of Horizon Global, as it will
allow for truly global relationships with our OE customers,” continued
Zeffiro. “Our customers will continue to benefit from the Company’s best
in class technology and manufacturing practices, as well as the industry
knowledge of our global teams. The addition of Westfalia greatly
enhances Horizon Global’s mission to better serve and grow with our
customers, engage with our employees, and realize value creation for our
shareholders.”

About Horizon Global

Headquartered in Troy, Michigan, Horizon Global Corporation (NYSE: HZN)
is a leading designer, manufacturer and distributor of high-quality,
custom-engineered towing, trailering, cargo management and related
accessory products for original equipment, aftermarket and retail
channel customers on a global basis. Our mission is to utilize
forward-thinking technology to develop and deliver best-in-class
products for our customers, engage with our employees and realize value
creation for our shareholders. For more information, please visit www.horizonglobal.com.

About Westfalia-Automotive

Headquartered in Rheda-Wiedenbrück, Germany, Westfalia-Automotive is one
of the worldwide leading manufacturers of towbars, wiring kits and
carrier systems for cars and light utility vehicles with an
international presence. In total, more than 1,700 different towbar types
for almost all vehicle brands are developed and produced. The company
has approximately 900 employees.

About DPE Deutsche Private Equity

DPE Deutsche Private Equity GmbH (DPE) is an independent German private
equity investment company investing in small and medium-sized
enterprises (SMEs) in Germany, Austria and Switzerland. Since its
foundation in 2007, DPE successfully launched two funds with total
assets of over €600 million and invested in 18 companies. For more
information, please visit http://www.dpe.de.

SAFE HARBOR STATEMENT

This presentation may contain “forward-looking statements” as defined in
the Private Securities Litigation Reform Act of 1995. Forward-looking
statements contained herein speak only as of the date they are made and
give our current expectations or forecasts of future events. These
forward-looking statements can be identified by the use of
forward-looking words, such as “may,” “could,” “should,” “estimate,”
“project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,”
“target,” “plan” or other comparable words, or by discussions of
strategy that may involve risks and uncertainties. These forward-looking
statements are subject to numerous assumptions, risks and uncertainties
which could materially affect our business, financial condition or
future results including, but not limited to, risks and uncertainties
with respect to: the Company’s leverage; liabilities imposed by the
Company’s debt instruments; market demand; competitive factors; supply
constraints; material and energy costs; technology factors; litigation;
government and regulatory actions; the Company’s accounting policies;
future trends; general economic and currency conditions; various
conditions specific to the Company’s business and industry; our ability
to successfully complete the acquisition of Westfalia, including the
possibility that the closing conditions to the contemplated transaction
may not be satisfied or waived; delay in closing the proposed
transaction; risks inherent in the achievement of cost synergies and the
timing thereof, including whether the proposed acquisition will be
accretive and within the expected timeframe; risks related to the
disruption of the transaction to Westfalia and its management; the
effect of announcement of the transaction on Westfalia’s ability to
retain and hire key personnel and maintain relationships with customers,
suppliers and other third parties; our ability to promptly and
effectively integrate the acquisition of Westfalia; the performance and
costs of integration of Westfalia; and other risks that are discussed in
the Company’s most recent Annual Report on Form 10-K, Quarterly Reports
on Form 10-Q or Current Reports on Form 8-K. The risks described herein
are not the only risks facing our Company. Additional risks and
uncertainties not currently known to us or that we currently deemed to
be immaterial also may materially adversely affect our business,
financial position and results of operations or cash flows. We caution
readers not to place undue reliance on such statements, which speak only
as of the date hereof. We do not undertake any obligation to review or
confirm analysts’ expectations or estimates or to release publicly any
revisions to any forward-looking statement to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.

Contacts

Horizon Global Corporation
Maria C. Duey
Vice President,
Corporate Development & Investor Relations
(248) 593-8810
mduey@horizonglobal.com