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UK Worries Towbar Co.'s €169M Merger Will Harm Competition

Law360 (June 12, 2018, 6:53 PM EDT) -- The U.K.’s competition enforcer said Tuesday it has concerns tow truck and trailer equipment maker Horizon Global Corp.’s planned €169 million ($198.9 million) purchase of the Brink Group from its private equity backer would leave too few competitors in the supply of towbars to large car manufacturers.

The Competition and Markets Authority said its investigation found Michigan-based Horizon and Netherlands-based Brink control a large share of the market for the supply of towbars to carmakers in the original equipment sector in the U.K. and across Europe....
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