# 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.

- Type: Acquisition
- Announced: 2019-01-31
- Where: Jining, China, China
- Value: $2.60B
- Status: completed
- Products: spandex fibers, Lycra brand apparel and advanced textiles
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Invista](https://endata.com/companies/4454.md) (target)
- [The LYCRA Company](https://endata.com/companies/37024.md) (target)
- [Ruyi Group](https://endata.com/companies/40907.md) (acquirer)

## Sources

- [textileworld.com](https://www.textileworld.com/textile-world/fiber-world/2019/07/ruyi-group-plans-ipo-on-sci-tech-innovation-board-for-lycra-in-china/), 2019-07-26: "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."

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