Shandong Ruyi Investment Holding, a textile and apparel company in China, has completed acquisition of Invista’s apparel and advanced textiles business.
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Invista has entered into a definitive agreement with China-based Shandong Ruyi Investment Holding to sell its apparel and advanced textiles business, one of Invista’s four major business units. Invista, which has operations in Delaware is part of Wichita, KS-based Koch Industries. Financials were not disclosed.