INVISTA has completed the sale of its Apparel & Advanced Textiles business to an affiliate of Shandong Ruyi Investment Holding.
The transaction includes:
- The Apparel & Advanced Textiles business’s portfolio of apparel-focused fibers and brands, including Lycra fiber, Lycra HyFit fiber, Coolmax fiber, Thermolite fiber and insulation, Elaspan fiber, Supplex fiber and Tactel fiber products
- Terathane polytetramethylene ether glycol (PTMEG), 1,4 butanediol (BDO), and tetrahydrofuran (THF) production assets
- Related manufacturing assets, research and development centers, and sales offices around the globe
- Associated technical, operations, commercial and administrative staff (approximately 3,000 employees globally)
Invista retains ownership of its nylon, polyester, polyols and licensing businesses and related brands. This includes INVISTA’s world-leading nylon 6,6 intermediates business, its global nylon polymer and fiber portfolio, and widely recognized brands including Stainmaster and Antron carpet fibers and Cordura fabric. Invista will also retain its intellectual property rights for 1,4 butanediol (BDO), tetrahydrofuran (THF) and polytetramethylene ether glycol (PTMEG) technologies and will continue to license these and other technologies on a global basis.