# 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.

- Type: Acquisition
- Announced: 2017-10-30
- Where: United States
- Jobs: 3,000
- Status: announced
- Products: Lycra, Coolmax, Thermolite, Elaspan, Tactel fibers
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Invista](https://endata.com/companies/4454.md)
- [Invista](https://endata.com/companies/4454.md) (target)
- [Shandong Ruyi Investment Holding](https://endata.com/companies/27635.md) (acquirer)

## Sources

- [wwd.com](https://wwd.com/sourcing-journal/industry-news/invistas-apparel-advanced-textiles-unit-bought-by-shandong-ruyi-1238715280/), 2017-10-30: "Invista's world-class assets and consumer-recognized brands are a perfect fit for our growing portfolio of textile-related products."
- [nonwovens-industry.com](https://www.nonwovens-industry.com/breaking-news/shandong-ruyi-to-acquire-lycra-brand/), 2017-10-30: "Invista's worldclass assets and consumer-recognized brands are a perfect fit for our growing portfolio of textile-related products."
- [dev.sgbonline.com](https://dev.sgbonline.com/invista-agrees-to-sell-apparel-advanced-textiles-business/), 2017-10-31: "Invista has entered into a definitive agreement with Shandong Ruyi Investment Holding to sell Invista’s Apparel & Advanced Textiles business"
- [textiletechsource.com](https://textiletechsource.com/2017/11/13/invista-to-sell-apparel-and-advanced-textiles-business/), 2017-11-13: "INVISTA announces that it has entered into a definitive agreement with Shandong Ruyi Investment Holding to sell INVISTA’s apparel and advanced textiles business."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.