Menu

Adient enters agreement to sell fabric business to Sage Automotive

News
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.

Thank you for visiting IHS Automotive AutoTechInsight.

*A subscription to News & Analysis includes four IHS Markit-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Services. Please click here to subscribe.

For a free daily listing of headlines with limited access please sign up here.

To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.

Already a subscriber? Please log in here

preload preload preload preload preload