Invista announced Friday that the company is exploring strategic alternatives for its Apparel and Advanced Textile business.
“A key element of our market-based management business philosophy is to continuously assess the external value of our assets against our internal value to make sure that the asset is owned by the company that values it most highly,” said Jeff Gentry, Invista CEO.
While details about the business exploration remain confidential, the company enlisted the help of Goldman, Sachs & Co. to help in the exploration.
“The Apparel business is a strategic part of our portfolio—we are extremely pleased with the results of the business and remain confident in its continued and future success. We are simply considering all available options,” said Gentry. “In the event that no other company values the business more than we do, we will gladly hold the business and continue to invest for the future.”