# 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.

- Type: Acquisition
- Announced: 2017-10-28
- Where: United States
- Value: $2.00B
- Status: announced
- Products: Lycra elastic fiber, Coolmax fiber, Thermolite insulation
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Invista](https://endata.com/companies/4454.md) (target)
- [Koch Industries](https://endata.com/companies/15417.md) (target)
- [Shandong Ruyi Group](https://endata.com/companies/27920.md) (acquirer)

## Sources

- [bloomberg.com](https://www.bloomberg.com/news/articles/2017-11-07/ruyi-is-said-to-pay-over-2-billion-to-buy-lycra-owner-from-koch), 2017-11-07: "China’s Shandong Ruyi Group is paying more than $2 billion to buy the owner of Lycra"

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