Invista sale is finalized

WICHITA, KAN., WILMINGTON, DEL. — DuPont and subsidiaries of Koch Industries, Inc. last week finalized the sale of Invista, formerly DuPont Textiles & Interiors, for $4.2 billion, including the assumption of debt and certain joint venture and equity interests covered under a non-binding letter of intent.

Going forward, the company will conduct business as Invista.

Jeff Walker, Invista's CEO, and the new leadership team will concentrate on specific plans for strengthening the various businesses within the Invista umbrella, stated the companies.

Previously, presidents were announced for the six businesses: Alan Wolk, Interiors; Gerold Linzbach, Textile Fibers; William Ghitis, Apparel; David Trerotola, Performance Fibers; Ken Wall, Intermediates; and Kevin Fogarty, Polymer and Resins. Wolk will be based near Atlanta; Linzbach will be in Charlotte, N.C.; Ghitis and Trerotola will locate near Wilmington, Del.; and Wall and Fogarty will be in Wichita.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • The Countdown to the ICON Honors Continues featuring Christophe Pourny

    Camera Icon More Videos

CURRENT ISSUE

HTT digital edition

See the May 2017 issue of Home & Textiles Today. In this issue, we discuss our annual Market Basket survey, which finds higher prices and more polyester at leading retailers. See details!