Hattersheim, Germany, October 2, 2006--An Invista affiliate acquired the yarn processing assets of Mitex, a leading yarn processing company in North-Eastern Bavaria.
“Invista is committed to the European flooring business,” said Alan Wolk, president, Invista Interiors. “ Our investment in this leading German yarn processing business demonstrates that we are actively working on strengthening our position in the interiors industry.”
“Invista and Mitex have had a successful commercial relationship for the past 25 years. This acquisition will increase the competitiveness of Invista. The integration of Mitex's yarn processing capabilities will enable us to efficiently develop new finished yarn products and expand our portfolio of product offerings to customers,” added Russell Pike, vice president, Invista Interiors.
Invista Interiors provides innovative solutions for residential, commercial and automotive interiors and for personal use in bedding, flooring and furniture with products ranging from sheets and pillows to rugs and carpets. Invista A Interiors Europe is active in Residential Flooring, Commercial & Transportation Flooring and Home & Hospitality Interiors.
