Japan’s Asahi Kasei is to acquire Sage Automotive Interiors from Clearlake Capital Group for a reported US$1.06bn, including debt.
Asahi Kasei said the acquisition is aimed at strengthening its position in the vehicle interior market.
Sage supplies automotive interior materials, such as seating, door panel surfaces and headliners, to original equipment manufacturers globally and has offices and factories in the US, Japan, China, Brazil, South Korea, India, Thailand, Mexico and Europe.
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