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Nilit Purchases INVISTA Facility, Nylon Product

Israel-based nylon producer Nilit Ltd. recently purchased INVISTA’s nylon apparel fiber facility in Oestringen, Germany, and nylon apparel fiber from Invista’s plant in Gloucester, England, for an undisclosed price. The deal closed at the end of February, according to Donna Hill, sales and marketing manager, Nilit America Corp.

Nilit will obtain the exclusive license in Europe, the Middle East and Africa for the trademarks Tactel®, Cordura® and Supplex® under the deal. Invista will continue operating the Gloucester facility, selling produced goods through Nilit.

“The combination of Invista’s apparel fiber production, including its premier brands, with Nilit’s innovative Sensil® specialty polyamide yarns, customized polymers, unique spinning techniques, innovation and history of long-term relationships is very promising,” said Michael Levi, chairman, Nilit.

William Ghitis, president of Apparel, Invista, added that the agreement allows Invista to reinforce its European position and focus on its Lycra® brand in that market.

March/April 2006