Asahi Kasei to buy Sage Automotive Interiors for $1.1 billion

Asahi Kasei Corporation has agreed to acquire Sage Automotive Interiors, a global supplier of automotive textiles, from Clearlake Capital Group for $1.1 billion.

“Clearlake Capital Group, L.P. today announced a definitive agreement to sell Sage Automotive Interiors to an affiliate of Asahi Kasei Corporation.”autonews.com

• 2 sources
• autonews.comWhy a Japan conglomerate is spending $1.1 billion to buy a Tier 2 interiors supplier - Automotive NewsJim HenryJul 19, 2018
• textilemedia.comLatest MobileTex News - Page 3, In 2018Sep 17, 2018

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