China’s Shandong Ruyi Investment Holding is to acquire Invista’s Apparel & Advanced Textiles business for an undisclosed price, with closing expected by mid-2018 subject to customary conditions and regulatory clearances.

The transaction includes:

• Invista’s portfolio of apparel-focused fibres and brands including Lycra, Lycra HyFit, Coolmax, Thermolite, Elaspan, Supplex and Tactel.
• Terathane polytetramethylene ether glycol (PTMEG), 1,4 butanediol (BDO), and tetrahydrofuran (THF) production.
• Related manufacturing assets, research and development centres, and sales offices around the globe.
• All associated technical, operations, commercial and administrative staff (approximately 3,000 employees globally)

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