• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • About
  • Forum
  • Design Studio
  • Upholstery Jobs
  • Newsletter
  • Sponsors

The Hog Ring

Auto Upholstery Community

  • Facebook
  • Instagram
  • Twitter

Sage to Buy Adient’s Fabric Business for $175 Million

March 26, 2020 By Nadeem Muaddi Leave a Comment

The Hog Ring - Sage to Buy Adient Fabric Business for 175 Million

Sage Automotive Interiors has agreed to purchase Adient Inc.’s auto fabric business for a whopping $175 million.

Sage, one of the world’s largest suppliers of car-seat fabric, is based in South Carolina, but owned by Japanese chemical and materials firm Asahi Kasei.

Adient, a world leader in automotive seating, is an American manufacturer based in Plymouth, Michigan. It manufactures seats for automakers across the globe.

Sage says it purchased Adient’s auto fabric business to expand its presence in Europe. In total, Sage will acquire 11 facilities, including approximately 1,300 employees.

“By acquiring Adient’s automotive fabrics business, Sage will gain several operating sites around the world centered in Europe,” Asahi Kasei said in a statement. “The business to be acquired has a strong reputation for design and quality among Europe’s major vehicle manufacturers, and is one of the leading suppliers in the European market for automotive seat fabric.”

For its part, Adient said the sale would allow it to focus on what it does best — make seats.

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

Proceeds from the pending sale are expected to pay down a portion of Adient’s debt.

Filed Under: Archive, Industry Trends & Reports Tagged With: Adient, Asahi Kasei, Auto Trim, Auto Upholstery, Car Interior, Sage Automotive Interiors

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

THR Sponsors

NC Sewing Machines
Miami Corporation RIght Rail - Ad 2
Top Down Group
Apex Leather
  • Douglass Interior Products
  • Premium Auto Fabrics
  • Hyde Leather
  • Keyston Bros
  • MasterTech Expo Ad 2
  • GAHH Automotive
  • Albright's Supply

THR Favorites

The Hog Ring - Lancia Orca steering wheel

10 Crazy Steering Wheels We Want to Wrap

So you think you're good at wrapping steering … [more] about 10 Crazy Steering Wheels We Want to Wrap

Why I Build Miniature Car Seats

For the past few years, I’ve been … [more] about Why I Build Miniature Car Seats

Auto Upholstery - The Hog Ring - Custom 1968 Camaro Seats - Naseem Muaddi

’68 Camaro: Retro Interior with Modern Twist

I recently had the opportunity to work on a … [more] about ’68 Camaro: Retro Interior with Modern Twist

Auto Upholstery - The Hog Ring - Brent Parker Motor Trimming

Lambo Stitching with Brent Parker 4

Over the last two months, we’ve followed … [more] about Lambo Stitching with Brent Parker 4

10 Duct Tape DIY Upholstery Disasters

Though duct tape can fix a lot of things, … [more] about 10 Duct Tape DIY Upholstery Disasters

The Hog Ring - 6 Tips for Turning Callers into Customers

6 Tips for Turning Callers into Customers

Everyone that calls your auto upholstery shop … [more] about 6 Tips for Turning Callers into Customers

Categories

Footer

Recent Articles

  • Aron Demers to Keynote at MasterTech Expo
  • This Headrest Gun Safe is Going Viral
  • Keyston Bros Now Sells Alcantara for Motorcycles and Boats!
  • Trimmer Lew Doyle Stratton Dies at 86
  • Apex Announces Eight Days of Renegade!

Recent Comments

  • John on The 2019 Detroit Book is Now Available
  • bob niles on 5 Celebrities Who Can Upholster
  • Jasa Percetakan Jakarta on 10 Cool Custom Headliners on Instagram
  • George Walker on Haartz: The Highest Quality Soft Top Fabric
  • Norma on Open an Account with Keyston Bros Today!

Advertise With Us!

We're always looking for companies to collaborate with. Watch this short video about the benefits of sponsorship and then email us to say hi.
anal porno bangbros rus porno yaşlı porno konulu porno olgun porno porno izle sarışın porno bakire sex 69 porno

Copyright © 2023 · Magazine Pro On Genesis Framework · WordPress · Log in