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home / news releases / AHKSF - Adient divested its fabrics business for $175M

AHKSF - Adient divested its fabrics business for $175M

Asahi Kasei Corp
Adient (ADNT) has closed its previously announced sale of its automotive fabrics manufacturing business, including its lamination business, to Sage Automotive Interiors, an Asahi Kasei Company (AHKSF). The sale aligns with Adient's continuing strategy of focusing on its core, high-volume seating business.Deal value amounted to ~$175M. “We look to expand capacity and capability for automotive interior products to the European market to continue our global position as the #1 preferred automotive interiors company,” said Dirk Pieper, CEO of Sage Automotive Interiors.Press release

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Adient divested its fabrics business for $175M
Stock Information
Company Name: Asahi Kasei Corp
Stock Symbol: AHKSF
Market: OTC
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