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Shandong Ruyi acquires apparel business of INVISTA

Chinese investment company Shandong Ruyi Investment Holding has announced its acquisition of the apparel & advanced textiles business of INVISTA S.à r.l. Financial terms of the transaction were not announced. Based in Wichita, Kansas, INVISTA is a producer and marketer of fibers, fabrics, polymers, resins, chemical intermediates, and speciality chemical for commercial, residential, automotive, and industrial customers. The new company will operate as The LYCRA Company.


PE deals,Private equity deals,Private equity