Aquafil to Acquire Invista's Asia Pacific Nylon 6 Business

Arco, IT, February 5, 2018-Aquafil S.p.A. [ECNL] has signed an agreement with Invista to acquire certain tangible and intangible assets related to Invista’s nylon 6 business activity in Asia Pacific.

The assets to be acquired concern Invista’s business of Polyamide 6 BCF fiber in Asia Pacific with a turnover of about 50 million dollars and, after business integration, with an expected margin in line with Aquafil Group’s consolidated EBITDA margin. The total appreciation of the deal is not relevant for the group and will be financed by its internal resources.

Closing is expected March 29.

The transaction does not include Invista’s other businesses in Asia, such as its nylon 6,6, polyester, polyols and licensing businesses and related brands.