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Koch buys DuPont Fibres unit

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


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May 5, 2004 by 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.