Koch subsidiaries complete buy of former DuPont Fibers Unit
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DuPont and subsidiaries of Koch Industries Inc. have finalized the sale of Invista, formerly DuPont Textiles & Interiors, for $4.2 billion, including the assumption of debt and certain joint venture and equity interests covered under a non-binding letter of intent. Going forward, the company will conduct business as Invista.
DuPont and subsidiaries of Koch Industries Inc. have finalized the sale of Invista, formerly DuPont Textiles & Interiors, for $4.2 billion, including the assumption of debt and certain joint venture and equity interests covered under a non-binding letter of intent. Going forward, the company will conduct business as Invista.
Jeff Walker leads Invista as the company's CEO. Key leadership in the six businesses comprising Invista are: William Ghitis, president, Apparel; David Trerotola, president, Performance Fibers; Alan Wolk, president, Interiors; Ken Wall, president, Intermediates; Kevin Fogarty, president, Polymer and Resins; and Gerold Linzbach, president, Textile Fibers.
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