Invista to sell apparel and hygiene assets

WICHITA AND JINING – Shandong Ruyi Investment Holding is to acquire Invista’s Apparel & Advanced Textiles business to further solidify the Chinese company’s position as a global leader in the apparel and hygiene markets.

Completion of the agreement is subject to customary closing conditions including regulatory clearances from competition authorities. Closing is expected by mid-2018 and the purchase price is undisclosed.