Performance Fibers Strengthens NA Presence through Acquisition
Performance Fibers Holdings Inc. has signed a deal to buy North American tyre cord and polyester filament producer Invista Sárl. The agreement includes Invista plants in Salisbury and Shelby, North Carolina and Winnsboro, South Carolina; as well as several production assets currently operating inside Invista’s Querétaro, Mexico, facility. Terms of the agreement, signed on November 30, have not been disclosed.
Affected operations include the manufacturing of industrial polyester and nylon 6 fibres for use in a wide range of end uses, including tyres, as well as netting and fabrics for use in tyre manufacture. INVISTA Querétaro’s PET Resin business and its contract manufacturing operations for fine denier staple are not included in the agreement.