GREENVILLE – Asahi Kasei company Sage Automotive Interiors is to acquire the automotive fabric business of Adient for US$175 million, subject to regulatory approval.
This move follows quickly on from Adient’s sale of its automotive interior trims and NVH (noise, vibration and harshness) subsidiary Futuris Automotive to Supreme Group – one of India’s largest and most diversified nonwoven manufacturers in February.
In January, Adient also released its 30% ownership share in Yanfeng Automotive Trim Systems for $379 million.
