Verhoogde capaciteit, uitbreiding, in de Europese auto-industrie

GREENVILLE, SC– (BUSINESS WIRE) – Sage Automotive Interiors (een Asahi Kasei-bedrijf) heeft een overeenkomst getekend voor de overname van de autostofactiviteiten van Adient (NYSE: ADNT) met als doel de capaciteit en mogelijkheden voor interieurproducten voor auto’s uit te breiden naar de Europese markt. Met een aantal locaties in Europa zijn de textielfaciliteiten bij uitstek geschikt om de snij- en naaifaciliteiten voor auto’s in Midden- en Oost-Europa te leveren.

“Europa blijft een belangrijk groeigebied voor Sage Automotive Interiors”, zegt Dirk Pieper, CEO van Sage Automotive Interiors. “Bovendien zullen de technologie en mogelijkheden die nu deel uitmaken van Sage Automotive Interiors ons vermogen om klanten te bedienen vanuit onze huidige locaties in Europa en de rest van de wereld versterken.”

Sage Automotive Interiors to Acquire Adient’s Automotive Fabric Business

Increased capacity, expansion, in European automotive industry

GREENVILLE, S.C.–(BUSINESS WIRE)– Sage Automotive Interiors (an Asahi Kasei company) has signed an agreement to acquire the automotive fabric business of Adient (NYSE: ADNT) with the goal of expanding capacity and capability for automotive interior products to the European market. With a number of locations in Europe, the textile facilities are ideally suited to supply the automotive cut and sew facilities in Central and Eastern Europe.

“Europe continues to be a key growth area for Sage Automotive Interiors,” said Dirk Pieper, CEO of Sage Automotive Interiors. “In addition, the technology and capabilities that will now be part of Sage Automotive Interiors will strengthen our ability to serve customers from our current locations in Europe and the rest of the world.”

“As Adient continues to focus on its core business, we believe that the sale of our fabrics operation to Sage better positions that business for growth and long-term successful performance,” said Doug Del Grosso, president and CEO of Adient.

Per the agreement, Sage Automotive Interiors will pay $175M for Adient’s automotive fabric business. The agreement is subject to regulatory approval and customary closing conditions and is not expected to be completed until mid 2020.

Sage Automotive Interiors (www.sageautomotiveinteriors.com) is one of the world’s leading providers of automotive interior materials—seating, door panel surfaces, and headliners—to automotive Original Equipment Manufacturers (OEMs). Global offices and manufacturing locations include the U.S., Japan, China, Brazil, Korea, India, Thailand, Mexico, and Europe. Sage enjoys core strengths in consumer research, sustainability and innovative problem solving for the OEM. Sage’s vision is to be the market leader in design, engineering, and technical capability supported by world class manufacturing. Sage Automotive Interiors is an Asahi Kasei company (TYO: 3407).

View source version on businesswire.com: https://www.businesswire.com/news/home/20200305005900/en/

Contacts

Sidney Locke

Sage Automotive Interiors

(864) 630-8999

sidney.locke@sageai.com