NILIT, manufacturer of nylon 6.6 for thermoplastics and apparel applications, has signed an agreement to acquire INVISTA’s Americana, Brazil, manufacturing site and will continue the site’s nylon 6.6 operations. The parties expect the transaction to close in the fourth quarter of 2014 pending regulatory approvals. Terms of the transaction were not publically disclosed as both NILIT and INVISTA are privately held.
NILIT fibers are used in the textile industry and engineering plastics for the automotive and electrical industries. INVISTA produces chemical intermediates, polymers and fibers that are used to produce clothing, carpet, car parts and countless other everyday products. Its brands include Lycra, Cordura and Stainmaster.