Tag: Adient-Sage Automotive

Adient to sell its fabrics business to Sage Automotive Interiors for $175 mn

Adient, a global leader in automotive seating, announced it has entered into an agreement to sell its automotive fabrics manufacturing business, including its lamination business, to Sage Automotive Interiors, an Asahi Kasei company, for $175 million. The transaction is subject to regulatory approvals, local legal requirements and other customary closing conditions and is expected to…