Automotive seating supplier Adient is to sell its automotive fabrics manufacturing business, including its lamination business, to Sage Automotive Interiors, a subsidiary of Asahi Kasei, for US$175m.
The transaction is subject to regulatory approvals, local legal requirements and other customary closing conditions and is expected to be completed by the end of Adient’s fiscal year (30 September).
For the full story, see the April 2020 edition of MobileTex. Not a subscriber? Sign up HERE