Restructuring Efforts: Company and Acquisition Strategy

restructuring efforts: But the death of an executive's child and an overextended acquisition strategy in Europe, crippled the company's operations and changed the company's priorities from success to survival, according to The Independent. Despite recent restructuring efforts, Horizon Global is being fined by its customers for late deliveries, has lost hundreds of millions of dollars, faced delisting by the New York Stock Exchange and replaced much of its board earlier this month to secure financing to keep shipping parts. The towing and trailer equipment manufacturer spun out of Tri Mas in 2015 with a quest to expand globally, and quickly. With pressure mounting from investors, it's likely the company is performing a last-ditch effort to clean up its books in preparation for a sale, experts told Crain's. The company HZN posted a net loss last year of 204 million on revenue of 850 million, down from a net loss of 3.6 million on revenue of 893 million in 2017. Horizon Global declined to comment for this story. (news.financializer.com). As reported in the news.