Japanese Cutting-Edge
Solutions for Metalworking
Japanese Cutting-Edge
Solutions for Metalworking
News
March 9, 2020
On March 6, 2020, Asahi Kasei announced that its U.S. subsidiary Sage Automotive Interiors had reached an agreement to acquire the automotive interior fabric business of U.S.-based automotive supplier Adient for US$175 million.
Sage Automotive Interiors is a manufacturer of fabric materials for automotive interiors, primarily operating in the United States. Through this acquisition, the company aims to strengthen its business base in Europe, where Adient has multiple manufacturing and business locations.
By integrating Adient’s interior fabric operations, Sage Automotive Interiors plans to enhance its global competitiveness and expand its market presence in the automotive sector.
Share On :
