Invista, one of the world’s largest integrated producers of chemical intermediates, polymers, and fibres based in the US, has announced that the company is exploring strategic alternatives for its apparel and advanced textiles business. These alternatives include potentially selling, or retaining and further investing in the business within Invista.
Comprised of a line-up of powerful, global consumer brands, including Lycra and Coolmax fibre, the business delivers comfort and fashion in premium garments and maintains a presence in every major region of the world. Details about the business and exploration process are confidential. Invista has retained Goldman, Sachs & Co. to assist the company in exploring strategic alternatives.