Sage: Acquisition of Adient’s automotive fabrics business
Sage Acquisition of Adient’s automotive fabrics business
17.03.2020 On March 5, 2020, the automotive supplier Sage Automotive Interiors, Inc., Greenville, SC/USA, an subsidiary of Asahi Kasei, Osaka/Japan, has concluded an agreement with Adient plc, Plymouth, MI/USA, to acquire Adient’s automotive fabrics business for US$ 175 million.
Sage develops, manufactures, and sells various fabric materials for automotive interiors, and is one of the world’s leading suppliers of vehicle seat fabric with a firm established presence among automotive OEMs and Tier-1 suppliers. By acquiring Adient’s automotive fabrics business, Sage will gain several operating sites around the world centered in Europe.