Israel-based nylon producer Nilit Ltd. has signed an agreement to purchase INVISTA’s nylon fiber
facility in Oestringen, Germany, and nylon apparel fiber from Gloucester, England, for an
undisclosed amount. As of
Textile World Asia
’s press time, the deal, which had an expected end-of-February completion date, had not been
concluded.
Nilit will obtain the exclusive license in Europe, the Middle East and Africa for the
trademarks Tactel®, Cordura® and Supplex® under the deal, the companies reported. Additionally,
Invista will continue operating the Gloucester facility, selling produced goods through Nilit.
“The combination of Invista’s apparel fiber production, including its premier brands, with
Nilit’s innovative Sensil® specialty polyamide yarns, customized polymers, unique spinning
techniques, innovation and history of long-term relationships is very promising,” said Michael
Levi, chairman, Nilit.
William Ghitis, president of Apparel, Invista, added that the agreement allows Invista to
reinforce its European position and focus on its Lycra® brand in that market.
Invista’s Interiors and Performance Fibers divisions’ European assets and businesses are not
included in the sale.
March/April 2006