Adient enters agreement to sell fabric business to Sage Automotive

Acquisition, divestment & Spinoff

The divestment is part of Adient's strategy to focus on its core business of automotive seating

Adient has entered into a definitive agreement to sell its automotive fabric business, including its lamination business, to Sage Automotive Interiors for USD175 million, the company said in a press release on 5 March.

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