Invista sells resins and fibres business to Indo - sportstextiles: Lea SportsTextiles

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Invista sells resins and fibres business to Indorama

20/12/2018
Polymer, fibre and chemicals manufacturing group Indorama has agreed to acquire Invista’s Resins and Fibres business. The deal is expected to be completed in the first quarter of 2019.

The transaction includes a high value-added PET manufacturing facility in Gersthofen, Germany. This plant has a combined capacity of 282,000 tonnes per year. 

Indorama described Invista Gersthofen as “a strong strategic fit” and said it would allow it to offer its customers solutions for both packaging and industrial fibres. It added that the acquisition will also open up opportunities in new markets. 

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