Invista Acquires Advansa Specialty Polyester Apparel Assets
Wichita, Kan.-based polymers, fibers and chemical intermediates producer Invista has acquired the
Netherlands-based polyester producer Advansa BV's assets related to specialty polyester products
for apparel end-uses. Terms of the transaction were not disclosed.
As part of the acquisition, Advansa's license from Invista to produce Coolmax® and Thermolite® branded products for the European, Middle Eastern and African markets has reverted to Invista; and Invista also has acquired Advansa's ThermoCool™ brand plus related Duoregulation™ technologies and key staff. Going forward, Invista will market and promote these brands and technologies globally, and expects to be able to improve the effectiveness and efficiency of its business development activities for its apparel textile clients.
Advansa retains its branded home textiles fiberfill business, specialty fibers businesses for nonwovens and paper markets, and its manufacturing facility in Germany.
September 24, 2013