Horizon Global and Continental Settle Long-standing Patent Dispute
June 08 2022 - 4:30PM
Business Wire
Horizon Global Corporation (NYSE: HZN), one of the world’s
leading manufacturers of branded towing and trailering equipment,
today released the following announcement:
Horizon Global Americas Inc., a subsidiary of Horizon Global
Corporation (NYSE: HZN), and Continental Automotive Systems, Inc.
have agreed to amicably resolve their 2-year-old dispute over
patent rights to their electronic trailer brake controllers. The
specific terms are confidential.
Horizon Global is a leading designer, manufacturer and
distributor of a wide variety of high-quality, custom-engineered
towing, trailering, cargo management and other related accessory
products in North America and Europe. The Company is focused on
delivering innovation and performance solutions to its customers
and global consumers and will continue to pursue available means to
protect its intellectual property.
About Horizon Global
Headquartered in Plymouth, MI, Horizon Global is a leading
designer, manufacturer and distributor of a wide variety of
high-quality, custom-engineered towing, trailering, cargo
management and other related accessory products in North America
and Europe. The Company serves OEMs, retailers, dealer networks and
the end consumer as the category leader in the automotive, leisure
and agricultural market segments. Horizon provides its customers
with outstanding products and services that reflect the Company's
commitment to market leadership, innovation and operational
excellence. The Company’s mission is to utilize forward-thinking
technology to develop and deliver premium products for our
customers, engage with our employees and realize value creation for
our shareholders.
Horizon Global is home to some of the world’s most recognized
brands in the towing and trailering industry, including: Draw-Tite,
Reese, Westfalia, BULLDOG, Fulton and Tekonsha. Horizon Global has
approximately 3,800 employees.
For more information, please visit www.horizonglobal.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220608006029/en/
Jeff Tryka, CFA Investor Relations, Lambert & Co. (616)
295-2509 jtryka@horizonglobal.com
Horizon Global (NYSE:HZN)
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