Advansa sells Thermocool brand to Invista
Polymer and fibre producer Invista has agreed to acquire the assets of polyester fibre, filament and specialties supplier Advansa’s Specialty Polyester products sector for apparel end uses.
The acquisition includes the reversion of Advansa’s licensed rights to the Coolmax and Thermolite brands in greater Europe as well as the acquisition of Advansa’s Thermocool brand. Key staff and consultants involved in the Advansa business have been taken on by US-based Invista.