Invista has acquired Advansa's assets related to the specialty polyester products sector for apparel end uses. This acquisition includes reversion of Advansa's licensed rights in greater Europe to the Coolmax and Thermolite brands and acquisition of Advansa's Thermocool brand, along with related technologies and key staff. Prior to this transaction, Advansa had licence rights to use the Coolmax fabric and Thermolite fabric trademarks in Europe, the Middle East and Africa through a licence agreement from Invista, the owner of these two brands. Through this acquisition, Invista said it is able to market and promote this portfolio of brands and technologies globally, allowing business development for clients in the apparel textile chain to be more effective and efficient.
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