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Exhibition Status Update!

With 3 weeks until SHOWTIME, the 20th Anniversary edition welcomes an All-Star cast of new and returning exhibitors, making up the largest DOMOTEX asia/CHINAFLOOR to date. Due to high demand in all product...

Global designers to exhibit at Luxury Br…

Designers from Europe, Middle East and North America will exhibit at the upcoming Luxury Brands Carpet Show. The second edition of the curated Luxury Brands exhibition and designer carpet collection is scheduled to...

H&M to dress Swedish teams for Olymp…

Hennes and Mauritz Group (H&M) will dress the Swedish teams for the Winter Olympics and Paralympics in PyeongChang 2018. The company will create outfits for the opening and closing ceremonies. The collection will...

Saurer to show Allma TechnoCorder TC2 at…

Saurer Technologies GmbH & Co. KG Twisting Solutions, a leading provider of energy efficient solutions for tire cord, carpet, staple, glass filament, and industrial yarns, will present its Allma TechnoCorder TC2 innovative machine...

Cone Denim and Unifi launch S Gene with …

Cone Denim and Unifi have launched the latest in advanced stretch technology - S Gene with Repreve . Combining the advanced stretch technology of S Gene with the superior sustainability and performance of...

Shima Seiki to partake in Premiere Visio…

Leading computerised knitting machine developer, Shima Seiki Mfg., Ltd., is set to participate at the Premiere Vision show, a global event for fashion professionals, to be held in Paris, from February 13 to 15, 2018...

Measurably more productive and econom- i…

Even if the winding machine is only responsible for about 10-15% of the energy consumption (compressed air and electrical energy) when considering the classic ring spinning process, these criteria play an important role...

Wool to dominate at Intertextile Shangha…

Some 3,300 exhibitors from around 20 countries covering all apparel fabrics and accessories product groups are expected at the Spring Edition of the industry’s most comprehensive sourcing platform for the spring/summer season, Intertextile...

Invista acquires Thermocool brand from Advansa

Invista acquires Thermocool brand from Advansa

(United States Of America)

INVISTA (one of the world’s largest producers of polymers and fibers, and owner of the LYCRA fiber and COOLMAX fabric brands) and ADVANSA (a leading European polyester fiber producer) have reached an agreement whereby INVISTA acquired ADVANSA’s assets related to the Specialty Polyester products sector for apparel end uses.

This acquisition includes reversion of ADVANSA’s licensed rights in greater Europe to the COOLMAX and THERMOLITE brands and acquisition of ADVANSA’s THERMOCOOL brand, along with all related technologies and key staff. Today’s announcement further represents INVISTA’s longstanding commitment to the differentiated fiber and apparel industries.

Prior to this transaction, ADVANSA had license rights to use the COOLMAX fabric and THERMOLITE fabric trademarks in Europe, Middle East and Africa through a license agreement from INVISTA, the owner of these two brands. Through this acquisition, INVISTA is able to market and promote this portfolio of brands and technologies globally, allowing business development for all clients in the apparel textile chain to be more effective and efficient.

“The new unified global business in Specialty Polyester gives INVISTA’s clients an outstanding spectrum of branded technologies to choose from, encompassing both the warm and cool fabric spaces with the THERMOLITE and COOLMAX brands, respectively, and the THERMOCOOL brand will enhance our specialties technology portfolio,” said Dave Trerotola, president, INVISTA Apparel. “We are excited to have the global marketing and commercialization rights for the COOLMAX, THERMOLITE and THERMOCOOL brands. We look forward to a seamless transition for our global customers.”

The transaction does not include ADVANSA's branded home textiles fiberfill business, its specialty fiber businesses for nonwovens and paper industries, or its manufacturing plant in Germany. ADVANSA, a leading European producer of polyester fibers, will continue to serve its customers with standard and unbranded fibers as before.

"This transaction will significantly strengthen ADVANSA's balance sheet and will allow us to focus on new investment opportunities as well as continuing to invest in and strengthen our ongoing retained businesses,” said Dr. Heinz Meierkord, chief executive officer, ADVANSA.

Key staff and consultants involved in the ADVANSA business have been hired and engaged by INVISTA, and sales and critical business support process are already operational. Terms of the acquisition were not disclosed.

About INVISTA

With leading brands including LYCRA, COOLMAX, CORDURA, STAINMASTER and ANTRON, INVISTA is one of the world’s largest integrated producers of chemical intermediates, polymers and fibers. The company’s advantaged technologies for nylon, spandex and polyester are used to produce clothing, carpet, car parts and countless other everyday products. Headquartered in the United States, INVISTA operates in more than 20 countries and has about 10,000 employees.


Invista

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Middle East Textile Journal

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