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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.

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PE deals,Private equity deals,Private equity