Invista explores alternatives

Invista, one of the world’s largest integrated producers of chemical intermediates, polymers and fibres, is exploring strategic alternatives for its apparel and advanced textiles business. These alternatives include potentially selling or retaining and further investing in the business within Invista.

Comprised of a line-up of powerful, global consumer brands including Lycra and Coolmax fibre, the business delivers comfort and fashion in premium garments and maintains a presence in every major region of the world.

Jeff Gentry, Invista chairman and CEO said, “A key element of our market-based management business philosophy is to continuously assess the external value of our assets against our internal value to make sure that the asset is owned by the company that values it most highly.”