Invista has sold the Stainmaster brand and certain associated assets to Lowe’s, effective April 21, 2021. The purchase includes all brand-related intellectual property from its parent company, Invista, and all related trademarks and sub-brands.
"Today's announcement adds the most trusted and recognized brand in carpet to our lineup of private brands," said Marvin R. Ellison, Lowe's president and CEO, in a statement. "At a time when home has never been more important, customers are increasingly looking for high-performance products to meet their evolving needs and expectations. We see great potential to leverage and extend the STAINMASTER brand into other product areas to further serve our customers and deliver on our Total Home strategy."
Invista continues to make and sell nylon 6,6 carpet fiber to support the flooring markets including residential, commercial and rugs. Invista will also retain ownership of its world-leading nylon 6,6 intermediates business, its global nylon polymer and fiber portfolio, and widely recognized brands including Antron and Cordura.
A subsidiary of Koch Industries since 2004, Invista brings to market the proprietary ingredients for nylon 6,6 and recognized brands including Cordura and Antro. Invista also offers specialty chemical intermediates and process technologies.