# ITOCHU invests in Shandong Ruyi's acquisition of The LYCRA Company

ITOCHU Corporation announced its participation by capital investment in the acquisition of The LYCRA Company by Shandong Ruyi Science and Technology Group.

- Type: Acquisition
- Announced: 2019-02-27
- Where: United States
- Status: announced
- Products: spandex, polyester, nylon, synthetic fibers
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [ITOCHU](https://endata.com/companies/1234.md) (investor)
- [The LYCRA Company](https://endata.com/companies/37024.md) (target)
- [Shandong Ruyi Science and Technology Group](https://endata.com/companies/37621.md) (acquirer)

## Sources

- [indiantextilejournal.com](https://indiantextilejournal.com/itochu-to-invest-in-acquisition-of-lycra/), 2019-02-27: "ITOCHU Corporation announced its participation, by capital investment, in the acquisition of US-based The LYCRA Company by its capital alliance and business partner Shandong Ruyi Science and Technology Group."

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