Shandong Ruyi to buy Lycra owner from Koch Industries for $2B

Shandong Ruyi Group agreed to pay over $2 billion to acquire the Apparel & Advanced Textiles business of Invista, a subsidiary of Koch Industries, which owns the Lycra brand.

“China’s Shandong Ruyi Group is paying more than $2 billion to buy the owner of Lycra”bloomberg.com

• 1 source
• bloomberg.comChina Dealmaker Pays Koch Industries $2 Billion for Lycra Empire - BloombergVinicy Chan, Devin BanerjeeNov 7, 2017

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