Loading…
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.
Asahi Kasei has decided to acquire Sage Automotive Interiors, a US-based manufacturer of automotive interior material, for approximately $700 million. An agreement was concluded with Clearlake Sage Holdings.