Invista, one of the world’s largest producers of polymers and fibers and owner of the Lycra spandex fiber and Coolmax fabric brands, has acquired the assets related to the specialty polyester products sector for apparel end uses of Advansa, a leading European polyester fiber producer.
The acquisition includes reversion of Advansa’s licensed rights in greater Europe to the Coolmax and Thermolite brands, and acquisition of Advansa’s Thermocool brand, along with all related technologies and key staff. Invista said the agreement represents its long-term commitment to the differentiated fiber and apparel industries. Terms of the deal were not disclosed.
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