Shandong Ruyi to acquire INVISTA's Apparel & Advanced Textiles business

Chinese textile manufacturer Shandong Ruyi will acquire INVISTA's Apparel & Advanced Textiles business, which includes the global LYCRA brand, in a stock transaction expected to close by mid-2018.

“The transaction will be in the form of stock to further solidify Ruyi’s position as a global leader in the apparel and hygiene markets, and is expected to be completed by mid-2018.”specialtyfabricsreview.com

• 1 source
• specialtyfabricsreview.comShandong Ruyi to acquire Lycra® brand - Specialty Fabrics ReviewATADec 22, 2017

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