INVISTA to Explore Strategic Options for Nylon Fibers Business

INVISTA, a prominent player in the nylon 6,6 and polypropylene sectors, has declared its intention to explore strategic options for its nylon fibers division. This encompasses INVISTA’s fiber-centric portfolio, including airbag and industrial fibers, as well as the CORDURA® businesses, along with five supporting global manufacturing sites located in Seaford, Delaware; Martinsville, Virginia; Kingston, Ontario, Canada; Gloucester, UK; and Qingpu, China.

Francis Murphy, President and CEO of INVISTA, stated, “Aligned with our Principle Based Management™ philosophy, INVISTA continuously evaluates the external value of assets to ensure they are owned by the entity best equipped to drive growth. While our nylon fibers business is robust, we believe there may be other companies with distinct focus and capabilities that could unlock greater value with these assets. However, if our assessment reveals that other entities do not recognize its potential, we will continue to operate the business.”

Even if INVISTA opts to divest its nylon fibers division, the company remains steadfast in providing intermediates, polymers, and specialty chemicals to its worldwide clientele in the nylon and propylene value chain. Should INVISTA move forward with this decision, it will lead to a streamlined operation and a reinforced emphasis on maintaining its competitive edge in the upstream nylon and propylene value chain sectors.

The nylon fiber assets form a significant part of INVISTA's current business landscape, and speculation regarding the final structure of any potential deal would be premature. Details concerning the business and the exploration process remain confidential. INVISTA has enlisted Barclays as the Exclusive Financial Advisor for this exploration endeavor.

INVISTA operates worldwide as a producer of chemical intermediates, polymers, and fibers. Company contributions to the nylon 6,6 and polypropylene value chains are integral to a wide array of essential products, spanning automotive components, medical devices, airbags, food packaging, and apparel. As a subsidiary of Koch Industries since 2004, INVISTA remains dedicated to innovation and sustainable practices, aiming to enhance value for both customers and society while minimizing resource consumption in product manufacturing. INVISTA boasts a longstanding commitment to enhancing the quality of everyday life through the provision of chemical ingredients, polymers, and fibers integral to a myriad of commonplace items. From the fibers adorning clothing to the essential components within automobile airbags, company contributions are geared towards positively impacting the world.  INVISTA is deeply committed to enhancing the quality of life through the facilitation of various products. Company contributions span a wide range, from automotive components and medical equipment to food packaging and clothing.