Sage to acquire Adient’s automotive fabrics business

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).

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Posted by Geoff Fisher on 13 April 2020

 

 

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