# Yanfeng to acquire Adient's stake in China seating JV

Yanfeng has agreed to acquire Adient's 49.99% share in the Yanfeng Adient Seating joint venture in China, taking full ownership of the JV, its 16,000 employees, 55 manufacturing facilities, and a technical center.

- Type: Acquisition
- Announced: 2021-03-18
- Where: China
- Status: announced
- Products: automotive seating
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Yanfeng Group](https://endata.com/companies/16134.md) (acquirer)
- [Adient](https://endata.com/companies/17892.md) (target)

## Sources

- [drivingvisionnews.com](https://www.drivingvisionnews.com/news/2021/03/18/yanfeng-to-buy-out-adient-in-china-seating-jv/), 2021-03-18: "Yanfeng has agreed to acquire Adient’s 49.99 per cent share in the Yanfeng Adient Seating joint venture in China."

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