Ruyi Group completes $2.6B acquisition of INVISTA's Apparel & Advanced Textiles business

Ruyi Group completed its acquisition of INVISTA's Apparel & Advanced Textiles business, including the Lycra brand, for about $2.6 billion. The new company will operate as The LYCRA Company. Ruyi also announced plans for an IPO on China's Science and Technology Innovation Board for Lycra.

“On January 31, 2019, Ruyi Group has completed its acquisition of INVISTA's Apparel & Advanced Textiles business, including a robust portfolio of highly respected Lycra Brand.”textileworld.com

• 1 source
• textileworld.comRuyi Group Plans IPO On Sci-Tech Innovation Board For Lycra In China | Textile WorldJim BornemanJul 26, 2019

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