Adient, a global leader in automotive seating, announced today that it has closed its previously announced sale of the company’s automotive fabrics manufacturing business, including its lamination business, to Sage Automotive Interiors, an Asahi Kasei company, on Sept. 30, 2020.
The sale aligns with Adient’s continuing strategy of focusing on its core, high-volume seating business. Cash proceeds received from the sale totaled approximately $175M.
SOURCE: Adient
