Sector News

Asahi Kasei to buy U.S. Sage Automotive for $1.06 billion

August 2, 2018
Chemical Value Chain

Japan’s Asahi Kasei Corp said on Thursday [19 July] it would buy U.S. car interior maker Sage Automotive Interiors for $1.06 bln, including debt.

Asahi Kasei said the acquisition is aimed at strengthening its position in the car interior market. It said it would disclose the impact of the acquisition on its earnings as soon as it closes the deal, pending regulatory approval.

By Junko Fujita

Source: Reuters

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