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

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