Canadian Plastics

Koch buys DuPont Fibres unit

Subsidiaries of Koch Industries, Inc. have purchased Invista, formerly DuPont Textiles and Interiors. The purchase...

May 5, 2004   Canadian Plastics

Subsidiaries of Koch Industries, Inc. have purchased Invista, formerly DuPont Textiles and Interiors. The purchase price was $4.2 billion and included the assumption of debt and certain joint venture and equity interests covered under a non-binding letter of intent.
"The new Invista has many capabilities, recognized brands and an innovative team, and we believe our long-term outlook is excellent," said Jeff Walker, Invista’s CEO.
DuPont chairman and CEO Charles O. Holliday said DuPont looks forward to an ongoing relationship with Invista as a key supplier.


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