# 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.

- Type: Acquisition
- Announced: 2018-07-19
- Where: United States
- Value: $1.10B
- Status: announced
- Products: automotive textiles, microfiber suedes
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.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)

## Sources

- [autonews.com](https://www.autonews.com/article/20180719/OEM10/180719760/asahi-kasei-to-buy-interiors-supplier-sage-for-1-1-billion/), 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."
- [textilemedia.com](https://www.textilemedia.com/mobiletex/latest-news/archive/2018/?start=20), 2018-09-17: "Japan’s Asahi Kasei is to acquire Sage Automotive Interiors from Clearlake Capital Group for a reported US$1.06bn, including debt."

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