# 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.

- Type: Acquisition
- Announced: 2019-01-31
- Where: Wilmington, Del., United States
- Jobs: 3,000
- Status: completed
- Products: LYCRA fiber, spandex, elastane fiber, COOLMAX, THERMOLITE
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Invista](https://endata.com/companies/4454.md) (target)
- [Shandong Ruyi Investment Holding](https://endata.com/companies/27635.md) (acquirer)
- [The LYCRA Company](https://endata.com/companies/37024.md) (target)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20190131005573/en/Shandong-Ruyi-Investment-Holding-Purchases-INVISTA%e2%80%99s-Apparel-Advanced-Textiles-Unit), 2019-01-31: "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](https://www.businesswire.com/news/home/20190131005573/en/Shandong-Ruyi-Investment-Holding-Purchases-INVISTA%e2%80%99s-Apparel), 2019-01-31: "We are fortunate to be purchased by Ruyi, a company that shares our vision and our commitment to delivering high-quality products, technical expertise, and unmatched marketing support to our valued customers."
- [textiletechsource.com](https://textiletechsource.com/2019/03/04/shandong-ruyi-acquires-invista-business/), 2019-03-04: "The new company will operate as The LYCRA Company, named for INVISTA’s spandex/elastane fiber."

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