Shandong Ruyi completes acquisition of INVISTA's Apparel & Advanced Textiles business

Shandong Ruyi Investment Holding has completed its acquisition of INVISTA's Apparel & Advanced Textiles business, which will operate as The LYCRA Company. The transaction includes eight manufacturing facilities, four R&D labs, and approximately 3,000 employees.

“We are thrilled to acquire The LYCRA Company and will continue to invest in its innovation pipeline and brands in order to reach our objectives for business growth.”businesswire.com

• 3 sources
• businesswire.comShandong Ruyi Investment Holding Purchases INVISTA’s Apparel & Advanced Textiles UnitJan 31, 2019
• businesswire.comShandong Ruyi Investment Holding Purchases INVISTA’s Apparel & Advanced Textiles UnitJan 31, 2019
• textiletechsource.comShandong Ruyi acquires INVISTA business - Textile Technology SourceATAMar 4, 2019

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