Invista to sell Apparel & Advanced Textiles business

摘要

Invista has entered into a definitive agreement with Chinese textile giant Shandong Ruyi Investment Holding to sell its Apparel & Advanced Textiles business, one of Invista's four major business units. Completion of the agreement is subject to customary closing conditions including regulatory clearances from competition authorities. Closing is expected by mid-2018. The purchase price is undisclosed. The transaction includes Invista's portfolio of apparel-focused fibres and brands including Lycra fibre, Lycra HyFit fibre, Coolmax fibre, Thermolite fibre and insulation, Elaspan fibre, Supplex fibre, and Tactel fibre products.