|The Invista web site is carrying the following:
Read the press release here…
AKC Note: There has been a knowledge that discussions over a potential sale of the Invista apparel business have been ongoing for some months, but this is the first time that the company has officially confirmed that they are looking at strategic alternatives. There are a number of brands under the Apparel Business unit, with Lycra® being the highest profile with its branding down to retail. Coolmax® is another well known brand. The main manufacturing assets are in the Lycra Spandex business as well as the Nylon Textile filament plant in Monterrey Mexico.