Clearlake Capital to exit Sage Automotive

Clearlake Capital Group LP said July 19 that it agreed to sell Sage Automotive Interiors to Asahi Kasei Corp. Financial terms weren’t announced but press reports peg the sale at $1.06 billion. Sage Auto, of Greenville, South Carolina, provides automotive interior materials for seating, door panel surfaces, and headliners to automotive OEMs.

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