# 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.

- Type: Acquisition
- Announced: 2018-07-19
- Where: United States
- Value: $700.0M
- Status: announced
- Products: automotive interior material, fabric for vehicle seats, microfiber suede
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Clearlake Capital](https://endata.com/companies/5452.md) (partner)
- [Asahi Kasei](https://endata.com/companies/8888.md) (acquirer)
- [Sage Automotive Interiors](https://endata.com/companies/33216.md) (target)
- [Clearlake Sage Holdings](https://endata.com/companies/33217.md) (investor)

## Sources

- [asahi-kasei.com](https://www.asahi-kasei.com/news/2015-2021/2018/e180719), 2018-07-19: "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."
- [prnewswire.com](https://www.prnewswire.com/news-releases/clearlake-announces-sale-of-sage-automotive-interiors-to-asahi-kasei-300683424.html), 2018-07-19: "Clearlake Capital Group, L.P. today announced a definitive agreement to sell Sage Automotive Interiors to an affiliate of Asahi Kasei Corporation."
- [nonwovens-industry.com](https://www.nonwovens-industry.com/breaking-news/asahi-kasei-to-buy-sage-automotives/), 2018-07-23: "Clearlake Capital Group, L.P. has formed a definitive agreement to sell Sage Automotive Interiors to an affiliate of Asahi Kasei Corporation."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.