M&A Deal Summary

Sage Automotive Interiors Acquires Adient - Automotive Fabric Business

On March 6, 2020, Sage Automotive Interiors acquired automotive company Adient - Automotive Fabric Business from Adient for 175M USD

Acquisition Highlights
  • This is Sage Automotive Interiors’ 1st transaction in the Automotive sector.
  • This is Sage Automotive Interiors’ largest (disclosed) transaction.
  • This is Sage Automotive Interiors’ 1st transaction in Ireland.

M&A Deal Summary
Date 2020-03-06
Target Adient - Automotive Fabric Business
Sector Automotive
Buyer(s) Sage Automotive Interiors
Sellers(s) Adient
Deal Type Divestiture
Deal Value 175M USD

Target

Adient - Automotive Fabric Business

Dublin, Ireland
Adient plc's Automotive Fabric Business comprises automotive fabric manufacturing and lamination business.

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Buyer(S) 1

Buyer

Sage Automotive Interiors

Greenville, South Carolina, United States
Category Company
Founded 2009
Sector Automotive
Employees2,200
Revenue 475M USD (2017)
DESCRIPTION

Sage Automotive Interiors, Inc. is a provider of an automotive bodycloth, including a range of knit and woven technical textiles, to many of the world's leading automobile manufacturers. Sage has global offices and manufacturing locations in the U.S., Brazil, United Kingdom, China, Korea and Japan and has contract manufacturing relationships worldwide.

DEAL STATS #
Overall 3 of 3
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
Country (Ireland) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-12 Apollo

Capalle, Italy

Apollo S.p.A. is a manufacturer of upholstery fabrics and velvets.

Buy -

Seller(S) 1

SELLER

Adient

Dublin, Ireland
Category Company
Founded 2016
Sector Automotive
Employees70,000
Revenue 15.4B USD (2023)
DESCRIPTION

Adient is a manufacturer of automotive seating. With employees operating in 230 manufacturing/assembly plants in 33 countries worldwide, Adient produces and delivers automotive seating for all vehicle classes and all major OEMs. From complete seating systems to individual components, company expertise spans every step of the automotive seat-making process. Adient's integrated, in-house skills allow it to take products from research and design all the way to engineering and manufacturing. Adient was founded in 2016 and is based in Dublin, Ireland.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
Country (Ireland) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-21 Futuris Global Holdings

Port Melbourne, Australia

Futuris Automotive Group Ltd. designs, manufactures, and supplies automotive components and systems including seating systems, seat hardware, carpet systems, steering assemblies, pedal box modules, window regulators, and other automotive mechanisms for rail, mining and industrial equipment, and heavy transport applications.

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