Invista Sells Advanced Textile Business to Shandong Ruyi

摘要

INVISTA HAS ENTERED into a definitive agreement with Shandong Ruyi Investment Holding to sell its apparel and advanced textiles (ASAT) business, one of lnvista's four major business units. Completion of the agreement, which includes Lycra brand, is subject to customary closing conditions including regulatory clearances from competition authorities.