INVISTA, Wichita, Kan., 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. Also included are related manufacturing assets, research and development centers, sales offices around the globe and associated staff (about 3,000 employees globally).
INVISTA retains ownership of its nylon, polyester, polyols and licensing businesses and related brands. — D.S.
