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08-15-2012

Invista: Acquisition of Rights

Invista Performance Technologies, Wilton, U.K., has acquired from La Seda de Barcelona SA intellectual property relating to its leading purified terephthalic acid (PTA), polyethylene terephthalate (PET) and related process technologies, including the full rights to exclusively license the technologies in the region comprising Europe, the Middle East and Africa.

In 2000, the ownership of intellectual property and licensing rights for this region transferred to a regional joint venture company established by Invista’s and La Seda’s predecessors. Until today, licensing has required collaboration between the two companies.

As a result of the acquisition, Invista can now offer its customers in Europe, the Middle East and Africa the same direct route to licensing that its customers in the rest of the world have always experienced.

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