Oct 30, 2017ACQUISITIONUnited States Shandong Ruyi to acquire Invista's Apparel & Advanced Textiles unit
Shandong Ruyi Investment Holding has entered a definitive agreement to acquire Invista's Apparel & Advanced Textiles business, including the Lycra and Coolmax brands, with about 3,000 employees globally. Closing is expected by mid-2018.
ProductsLycraCoolmaxThermoliteElaspanTactel fibers
“Invista's world-class assets and consumer-recognized brands are a perfect fit for our growing portfolio of textile-related products.”wwd.com
- 4 sources
- wwd.comInvista’s Apparel & Advanced Textiles Unit Being Bought by Shandong Ruyi Investment HoldingArthur FriedmanOct 30, 2017
- nonwovens-industry.comShandong Ruyi to Acquire Lycra Brand - Nonwovens IndustryBy: Karen McIntyre EditorOct 30, 2017
- dev.sgbonline.comInvista Agrees To Sell Apparel & Advanced Textiles Business | SGB Media OnlineOct 31, 2017
- textiletechsource.comINVISTA to sell apparel and advanced textiles business - Textile Technology SourceATANov 13, 2017
Summarized from public sources; check the original articles before acting on it.
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