Koch Industries is said to be considering a sale of its Invista fibers unit, 12 years after buying it from Dupont for $4.4 billion.
Sources said Chinese or Indian fiber companies are eyeing the man-made fiber producer, as well as Radici Group, the Italian firm with a diversified business operation focused on chemicals, plastics, synthetic fibers and nonwovens.
Sources speculated that Koch was looking to divest Invista in order to invest in businesses with more profit potential and less risk.
A Koch spokesman referred inquiries to Invista. An Invista spokeswoman said the company does not comment on a potential sale. It could not be learned if Koch was selling the company privately or shopping it through a third party.
Dave Trerotola, president of Invista Apparel & Advanced Textiles, said last year that Invista represents about 10 percent of Koch’s business, putting its annual sales at about $12 billion. That was on the occasion of a new marketing campaign for Invista’s largest brand, Lycra, the first branded spandex introduced by DuPont in 1958.
With leading brands including Lyrca; the temperature-controlling Coolmax; Cordura, the industrial specialist that has been making inroads in denim, as well as home goods brands Stainmaster and Antron, Invista, one of the world’s
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