The textile and apparel company Shandong Ruyi Investment Holding, Jining/China, has completed the purchase of the Apparel & Advanced Textile business of the fiber manufacturer Invista S.à.r.l., Wichita, KS/USA. The transaction includes all associated assets and contracts.
The new company will operate as The Lycra Company, an independent subsidiary, and will continue to manufacture advanced fiber and technology solutions for the apparel and hygiene industries. The Lycra Company is named after the elastane fiber Lycra, the company’s best-known product. The purchase includes a broad portfolio of respected consumer and trade brands: Lycra, Lycra HyFit, Lycra T400, L by Lycra, Coolmax, Thermolite, Elaspan, Supplex, Tactel, und Terathane.