Posted April 29, 2015

 

GREENVILLE, S.C. – Sage Automotive Interiors announced that it has acquired Miko S.r.l., an Italian maker of suede-like automotive interior fabrics. Financial terms of the transaction were not disclosed.

 

Miko was established in 1997 in Gorizia, Italy as a producer of nonwoven fabrics for the furniture sector. Miko’s core business is the production of Dinamica®, an ecological microfiber obtained from recycled PET fibers. In the past 10 years Miko has broadened its product range to respond to the demands of other areas of application, including the automotive sector. Today, internal car coverings constitute the main sector of use for Dinamica®.

 

“The Dinamica® brand of suede-like fabrics is a natural expansion of our customer offering,” said Dirk Pieper, Sage CEO. “Dinamica® has a strong reputation in the marketplace where a premium or luxurious feel is desired. The sustainable aspects are a natural fit with our record of sustainable products.”

 

"We are excited to be part of a big family like Sage," said Lorenzo Terraneo, Miko CEO. "For the future of our Dinamica® brand this is a great opportunity for further growth thanks to Sage’s solid global network. It's a leap forward for us that will bring important benefits for our customers."

 

The acquisition of Miko will not affect U.S. Jobs, Sage said.

 

Sage Automotive Interiors is one of the world’s leading providers of automotive bodycloth – seating, door panel surfaces and headliners – to original equipment manufacturers (OEMs). Global offices and manufacturing locations include the U.S., Japan, China, Brazil, Korea, India, Mexico and Europe.

 

Source: Sage Automotive Interiors