# 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.

- Type: Acquisition
- Announced: 2017-12-22
- Status: announced
- Products: LYCRA fiber, COOLMAX fiber, THERMOLITE fiber, ELASPAN fiber, SUPPLEX fiber, TACTEL fiber, TERATHANE PTMEG, 1,4 butanediol, tetrahydrofuran
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

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

## Sources

- [specialtyfabricsreview.com](https://specialtyfabricsreview.com/2017/12/22/shandong-ruyi-to-acquire-lycra-brand/), 2017-12-22: "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."

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