July 19, 2018 / 6:23 AM / 5 months ago

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

TOKYO, July 19 (Reuters) - Japan's Asahi Kasei Corp said on Thursday 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. (Reporting by Junko Fujita Editing by Chang-Ran Kim)

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