# Adient to sell fabrics business to Sage Automotive Interiors for $175M

Adient has agreed to sell its automotive fabrics and lamination business to Sage Automotive Interiors, an Asahi Kasei company, for $175 million. The transaction includes 11 facilities globally and is expected to close by the end of fiscal year 2020.

- Type: Acquisition
- Announced: 2020-03-05
- Where: Greenville, United States
- Value: $175.0M
- Jobs: -1,300
- Status: announced
- Products: automotive fabrics, lamination
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Adient](https://endata.com/companies/17892.md)
- [Asahi Kasei](https://endata.com/companies/8888.md) (investor)
- [Asahi Kasei](https://endata.com/companies/8888.md) (partner)
- [Adient](https://endata.com/companies/17892.md) (partner)
- [Adient](https://endata.com/companies/17892.md) (target)
- [Sage Automotive Interiors](https://endata.com/companies/33216.md) (acquirer)

## Sources

- [adient.com](https://www.adient.com/media/news/2020/03/05/adient-enters-into-agreement-to-sell-its-fabrics-business/), 2020-03-06: "As Adient continues to focus on its core business, we believe that the sale of our fabrics operation to Sage better positions that business for growth and long-term successful performance."
- [textileworld.com](https://www.textileworld.com/page/1057/?m=bookmanager&quick=n&uid=64), 2020-03-06: "As Adient continues to focus on its core business, we believe that the sale of our fabrics operation to Sage better positions that business for growth and long-term successful performance."
- [nonwovensnews.com](https://www.nonwovensnews.com/industrial-products-news/14886-sage-acquires-adient-s-interiors-business), 2020-03-09: "Asahi Kasei company Sage Automotive Interiors is to acquire the automotive fabric business of Adient for US$175 million, subject to regulatory approval."

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