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Invista to sell apparel division to China’s Shandong Ruyi

Invista is selling its apparel business to China’s Shandong Ruyi Investment Holding. The transaction includes Invista’s portfolio of apparel-focused fibers and brands including Lycra, Lycra HyFit, Coolmax, Thermolite, Elaspan, Supplex and Tactel.

Invista will retain ownership of its nylon, polyester, polyols and licensing businesses and related brands. This includes its 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, tetrahydrofuran and polytetramethylene ether glycol technologies and will continue to license these technologies on a global basis.

Shandong sees Invista’s world-class assets and consumer-recognised brands as a perfect fit for its growing portfolio of textile-related products. Shandong is committed to taking the business to the next level through continued investment in innovation and the portfolio of consumer-recognised brands. It also sees an opportunity to leverage its existing capabilities including its spandex manufacturing assets to further enhance its position in the global marketplace.

Shandong Ruyi is one of the largest textile manufacturers in China and ranks number one out of the top 500 textile and apparel companies in China. The group owns a fully-integrated value chain with operations spanning raw material cultivation, textile processing, and design and sale of brands and apparel.

 
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