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Invista sells Apparel & Advanced Textile business to Shandong Ruyi

London - Invista has agreed to sell one of its four major business units to Shandong Ruyi Investment Holdings, namely its Apparel and Advanced Textile business (A&AT). Shandong Ruyi, one of the largest textile manufacturers in China, is set to acquire Invista's A&AT business, which includes its global Lycra brand, through a stock transaction for...

Oct. 31, 2017