Why a Japan conglomerate is spending $1.1 billion to buy a Tier 2 interiors supplier

Why a Japan conglomerate is spending $1.1 billion to buy a Tier 2 interiors supplier

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Asahi Kasei, as part of a long-term strategy to triple its automotive business, said it plans to acquire U.S. interiors supplier Sage Automotive Interiors in a deal valued at $1.1 billion.

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