INVISTA Completes Sale of Apparel & Advanced Textiles Business
WICHITA, Kan.--(BUSINESS WIRE)--INVISTA has completed the previously announced sale of its Apparel & Advanced Textiles business to an affiliate of Shandong Ruyi Investment Holding.
The transaction includes:
- The Apparel & Advanced Textiles business┬ĺs portfolio of apparel-focused fibers and brands, including LYCRA┬« fiber, LYCRA HyFit┬« fiber, COOLMAX┬« fiber, THERMOLITE┬« fiber and insulation, ELASPAN┬« fiber, SUPPLEX┬« fiber and TACTEL┬« fiber products
- TERATHANE┬« polytetramethylene ether glycol (PTMEG), 1,4 butanediol (BDO), and tetrahydrofuran (THF) production assets
- Related manufacturing assets, research and development centers, and sales offices around the globe
- Associated technical, operations, commercial and administrative staff (approximately 3,000 employees globally)
INVISTA retains ownership of its nylon, polyester, polyols and licensing businesses and related brands. This includes INVISTA┬ĺs world-leading nylon 6,6 intermediates business, its global nylon polymer and fiber portfolio, and widely recognized brands including STAINMASTER┬« and ANTRON┬« carpet fibers and CORDURA┬« fabric. INVISTA will also retain its intellectual property rights for 1,4 butanediol (BDO), tetrahydrofuran (THF) and polytetramethylene ether glycol (PTMEG) technologies and will continue to license these and other technologies on a global basis.
From the fibers in your carpet to the plastic in your automobiles, INVISTA┬ĺs commitment to continuous improvement has led its employees to develop some of the most durable, versatile polymers and fibers in the world. A subsidiary of Koch Industries since 2004, INVISTA brings to market the proprietary ingredients for nylon 6,6 and recognized brands including STAINMASTER┬«, CORDURA┬« and ANTRON┬«. INVISTA also offers specialty chemical intermediates and process technologies. See the bigger picture at INVISTA.com.
» Publication Date: 31/01/2019
This project has received funding from the European Union's Horizon 2020 research and innovation programme under grant agreement Nº 737882.
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