Español Français Deutsch Italiano Português 汉语

Aquafil to acquire Invista’s Asia-Pacific nylon 6 business

Italian yarn-maker Aquafil has announced it has signed an agreement to acquire “certain tangible and intangible assets” related to fibre manufacturer Invista’s nylon 6 business in Asia Pacific.

The assets in question relate to Invista’s Polyamide 6 BCF Fibre business in the region, which Aquafil says has a turnover of $50 million. The transaction does not include Invista’s other businesses in Asia, such as its nylon 6,6, polyester, polyols and licensing businesses. 

It gave no indication of the value of the deal but said it expects it to close on March 29, 2018. 

“This is a milestone for the further development of Aquafil in the Asia Pacific region,” said Giulio Bonazzi, president and CEO of Aquafil. “This deal will accelerate Aquafil’s investment program in the area of Asia Pacific, which remains the region with highest potential in terms of demand growth for synthetic fibres.”

Share this story:

Chemours D cannot be held responsible for content if the language setting is changed from English. The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.

Copyright © 2018 World Trades Publishing Limited. All Rights Reserved.