Invista has announced that it is exploring alternatives for its Apparel & Advanced Textiles business. The company might either sell it or retain it and further invest in the business from within. Goldman Sachs is assisting the company in exploring strategic alternatives. Details about the exploration process are not being unveiled. Invista Apparel & Advanced Textiles is a global maker and marketer of premium fibers and fabrics, and is comprised of the Lycra and Coolmax brands, among others. Its technologies for nylon, polyester and spandex are used to produce clothing and other everyday products. Invista is a wholly-owned subsidiary of Koch Industries.
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