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Invista plans to divest apparel & advanced textiles business

The company said it was exploring strategic alternatives for this business - including a sell-off

Invista facility
premium

Invista facility

BS B2B Bureau Wilmington, Delaware (USA)
Invista - an integrated producers of chemical intermediates, polymers and fibres - is exploring strategic alternatives for its apparel & advanced textiles business, a global producer and marketer of premium fibres and fabrics. These alternatives include potentially selling, or retaining and further investing in the business within Invista, a wholly owned subsidiary of Koch Industries.

Comprised of a line-up of global consumer brands - including Lycra and Coolmax fibre - the business delivers comfort and fashion in premium garments and maintains a presence in every major region of the world.

“A key element of our Market-Based Management business philosophy is to continuously