DuPont and Koch Industries, Inc., reached a definitive agreement to sell INVISTA, formerly DuPont Textiles & Interiors, to subsidiaries of Koch for $4.4 billion in cash. The two subsidiaries are KED Fiber Ltd. and KED Fiber, LLC.
INVISTA was the largest integrated fiber and intermediates business in the world, with 2002 revenues of $6.3 billion. Headquartered in Wilmington, Del., it operated in 50 countries and was comprised of three businesses: Apparel Interiors and Industrial and Intermediates. INVISTA is committed to its customers' growth through market insights and technology innovations combined with a powerful portfolio of the best-known global brands and trademarks in the industry, including: Lycra, Stainmaster, Antron, Coolmax, Thermolite, Cordura, Supplex, Tactel, and in the specialty chemicals business: Corfree, Dytex, ADI-Pure and Terathane.