Asahi Kasei to acquire Sage Automotive Interiors for $700 million

Asahi Kasei has decided to acquire Sage Automotive Interiors, a US-based manufacturer of automotive interior material, for approximately $700 million. An agreement was concluded with Clearlake Sage Holdings.

“Asahi Kasei has decided to acquire Sage Automotive Interiors, Inc. (Sage), a US-based manufacturer of automotive interior material, for a cash transaction price of approximately $700 million.”asahi-kasei.com

• 3 sources
• asahi-kasei.comAsahi Kasei to acquire Sage Automotive Interiors | Asahi KaseiJul 19, 2018
• prnewswire.comClearlake Announces Sale of Sage Automotive Interiors to Asahi KaseiClearlake Capital Group, L.P.Jul 19, 2018
• nonwovens-industry.comAsahi Kasei to Buy Sage Automotives - Nonwovens IndustryBy: Karen McIntyre EditorJul 23, 2018

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