Shandong Ruyi Investment Holding Group Will Acquire Its Apparel And Advanced Fabric Business.

According to the world clothing and shoe net, American polymer and fiber suppliers in October 28, 2017

Announcement:

The final agreement was signed to sell clothing and senior textiles business in one of the four major business segments of the company.

The completion of the paction will depend on the progress of the routine paction terms, including the procedures for examination and approval of the relevant regulatory authorities.

The acquisition is expected to be completed in mid 2018, and the purchase price will not be disclosed.

The business involved in the paction includes:

The fiber and brand product portfolio of the business of iweida apparel includes LYCRA HYFIT (Lycra) fiber, Lycra HYFIT COOLMAX fiber, COOLMAX SUPPLEX fiber, THERMOLITE fiber and thermal insulation material, ELASPAN SUPPLEX fiber, SUPPLEX SUPPLEX fiber and TACTEL SUPPLEX fiber products.

TERATHANE PTMEG, poly (tetrahydrofuran), BDO (1,4 butanediol), THF (tetrahydrofuran) production

The world's related production plants, R & D centers and sales offices are all relevant technical, operational, business and functional personnel (around three thousand people worldwide).

IVDA will retain its nylon, polyester, polyol and technology licensing business and related brands, including its world leading nylon 6,6 intermediates business, global nylon polymers and fiber product portfolio, and well known STAINMASTER ANTRON and ANTRON brand carpet fibers.

。

Infield will also retain its intellectual property rights of BDO (1,4 butanediol), THF (tetrahydrofuran) and PTMEG (polytetrahydrofuran) technology, and will continue to carry out technology licensing business worldwide.

Zhan Yizhi, chairman and chief executive officer of Jeff, said: "clothing business has always been an important strategic component of our company. Our marketing related parties are in agreement with the sale because we hope that this business can create maximum value for customers, employees and shareholders under the operation of new buyers." (Gentry)

Therefore, for this paction, we believe that Shandong is willing to have the business knowledge and ability in this field to promote the development of the business and achieve long-term success.

We are looking forward to strengthening the development of nylon value chain. In the past 80 years, we have introduced many innovative technologies and products for nylon industry, including the most advanced adiponectin technology in the market.

We have excellent talents and have accumulated a wealth of expertise in the past decades. We will inherit and further consolidate our leading position in the market and continue to write our innovation history.

The chairman of the Shandong Ruyi holdings investment group, Yau Yau Fu, said that the world's best asset and its brand recognized by consumers are very compatible with our expanding fabric related product portfolio.

Over the past decades, Lycra brand has changed the apparel industry, and so far it remains.

We are committed to developing this business to a new level through continuous investment in innovation and brand recognition that is recognized by consumers.

At the same time, we also see opportunities to use the existing capabilities of Shandong Ruyi investment holding group, including our spandex assets, which will further consolidate our position in the global market for apparel and premium fabrics.

Goldman Sachs is the exclusive financial advisor of the company.

J.P. Morgan was the exclusive financial advisor of Ruyi investment holding group in Shandong in this paction. Ruishen international law firm acted as a legal adviser to Shandong Ruyi investment holding group.

J.P. Morgan and Barclay offer a letter of financing commitment to Shandong Ruyi investment holding group related company.

In recent years, Ruyi group has been buying many overseas brands in the international market, such as:

In June 2010, it invested about 44 million US dollars, and acquired 41.53% of Renown, a famous Japanese clothing company, to become the largest shareholder.

In 2016, it acquired the parent company of Sandro, Maje and Claudie Pierlot, France fashion group SMCP.

The specific amount of the paction has not been announced and is expected to be around 1 billion 300 million euros, including some debts of the SMCP group.

In March this year, the British windbreaker brand Aquascutum was bought from Hong Kong listed companies YGM TRADING at a price of 117 million US dollars.

In October 20th this year, Ruyi Holdings SMCP successfully landed on the pan European stock exchange in Paris. Its current market value is about 1 billion 600 million euros (about 12 billion yuan).

SMCP, a French fashion group, was successfully listed. The largest shareholder, Shandong Ruyi cash 261 million euros, will maintain the holding status, the quality of luxury goods and the efficiency of fast fashion: the French IPO luxury women group SMCP is rising.

More interesting reports, please pay attention to the world clothing shoes and hats net.