Related Keywords: acquire Invistas, Americana Brazil manufacturing site, apparel application, circular and warp knitting segments, increase DTY capacity, Lycra spandex business, manufacturer of nylon 6, Nilit
NILIT, a manufacturer of nylon 6,6 for thermoplastics and apparel applications as part of their expansion plan has signed an agreement to acquire INVISTA’s Americana, Brazil, manufacturing site with intent to continue the site’s nylon 6,6 operations.
The transaction is anticipated to close in the fourth quarter of 2014 pending receipt of necessary regulatory approvals. Terms of the transaction were not publically disclosed as both Nilit and Invista are privately held.
