Japanese chemical company Asahi Kasei will acquire US automotive interior materials producer Sage Automotive Interiors for a total purchase price of $1.06 billion (including debt). Asahi Kasei has reached an acquisition agreement with US private equity firm Clearlake Capital Group Holdings, which is Sage 100 % Holdings. Asahi Kasei said that according to the medium-term strategic plan Cs for Tomorrow 2018, it is working hard to expand its automotive-related business as a priority in the materials field. Currently, the company is working hard in this area to strengthen with automakers. The relationship with its suppliers, while expanding its business globally.
 |
|