# Sage Automotive Interiors completes acquisition of Adient's automotive fabric business

Sage Automotive Interiors, an Asahi Kasei company, completed its acquisition of Adient's automotive fabric business for $175 million. The deal expands Sage's capacity and capability in the European automotive interior market.

- Type: Acquisition
- Announced: 2020-09-30
- Where: United States
- Value: $175.0M
- Status: completed
- Products: automotive interior materials, seating, door panel surfaces, headliners
- 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) (investor)
- [Adient](https://endata.com/companies/17892.md) (target)
- [Sage Automotive Interiors](https://endata.com/companies/33216.md) (acquirer)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20201001005109/en/Sage-Automotive-Interiors-Completes-Acquisition-of-Adients-Automotive-Fabric-Business), 2020-10-01: "Strengthening our position in Europe will enable us to better support multiple OEMS locally and more broadly as we combine the best of both company operations."
- [nonwovens-industry.com](https://www.nonwovens-industry.com/breaking-news/sage-completes-acquisition-of-adients-automotive-fabrics-business/), 2020-10-05: "Sage Automotive Interiors (Sage), an Asahi Kasei subsidiary based in South Carolina, has completed its acquisition of the automotive fabrics business of Adient plc as announced on March 5, 2020, for approximately $175 million."

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