# Asahi Kasei to acquire Sage Automotive Interiors for $1.06 billion

Tokyo-based Asahi Kasei has announced it will acquire Sage Automotive Interiors Inc. from Clearlake Sage Holdings LLC. The cash transaction is valued at approximately $700 million, with the total acquisition price including Sage's interest-bearing debt totaling approximately $1.06 billion.

- Type: Acquisition
- Announced: 2018-09-10
- Where: Greenville, South Carolina, United States
- Value: $1.06B
- Status: announced
- Products: automotive interior materials
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [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

- [textileworld.com](https://www.textileworld.com/textile-world/nonwovens-technical-textiles/2018/09/asahi-kasei-to-acquire-sage-automotive-interiors-2/), 2018-09-10: "The cash transaction is valued at approximately $700 million, with the total acquisition price including Sage's interest-bearing debt totally approximately $1.06 billion."

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