November 03, 2017
Shandong Ruyi Investment Holding has announced that it has entered into a definitive agreement to acquire INVISTA’s Apparel & Advanced Textiles business (A&AT), which includes the renowned, global LYCRA® brand.
Shandong Ruyi Investment Holding would acquire A&AT — one of INVISTA’s four major business units — in the form of stock transaction, to further solidify Ruyi’s position as a global leader in the apparel and hygiene markets.
Shandong Ruyi Investment Holding is one of the largest textile manufacturers in China and ranks no. 1 out of the top 500 textile and apparel companies in China.
Latham & Watkins advised Shandong Ruyi Investment Holding with a team led by Hong Kong corporate partner David Blumental and London corporate partner Simon Tysoe, with London associate Emily Cridland. Advice was also provided on finance matters by Hong Kong partner Howard Lam and Washington, D.C. partners Jason Licht and Shagufa Hossain and on antitrust matters by Washington, D.C. partner Jason Cruise and Brussels partner Hector Armengod.