A Los Angeles-based private equity firm has acquired Greenville-based Sage Automotive Interiors, which makes cloth for seating, door panels and headliners for automotive manufacturers. It has offices and production plants in the U.S., Brazil, the United Kingdom, China, Korea and Japan. The Gores Group, which has committed equity capital of more than $4 billion, announced the acquisition on May 9. Financial terms of the deal were not disclosed.
Sage was formed in September 2009 by former Spartanburg-based Milliken & Co. executives Dirk Pieper and Brian McSharry and the investment firm Azalea Capital, LLC.
For information, visit: www.sageautomotiveinteriors.com.