INVISTA plant in Seaford exploring potential sale

SEAFORD, Del. – Textile manufacturer INVISTA has announced it’s exploring sale opportunities, including at its facility in Seaford, Delaware.

In a press release issued Tuesday, the company announced that it intends to “explore strategic alternatives for its nylon fibers business.” This includes the possibility of a sale of its manufacturing plant located off Woodland Road in Seaford.

INVISTA President & CEO, Francis Murphy said they want to find a company that is best positioned to grow the business, promising not to make the sale if it isn’t a good deal.

“Consistent with our Principle Based Management™ business philosophy, INVISTA continuously assesses the external value of assets to make sure they are owned by the company best positioned to grow the business,” Murphy stated. “Nylon fibers is a great business, and we believe there are other companies with different focus and capabilities that could create even greater value with those assets. If, however, through this process, we find that other companies don’t value it more highly, we’ll continue to operate the business.”

INVISTA has not commented on the future of current employees, saying it’s too early to speculate on the structure of a potential deal. 47 ABC News has reached out to the company for more information.

“It would be premature to speculate on the final structure of a potential deal,” the company stated in the press release. “Details of the business and exploration process are confidential. INVISTA has engaged Barclays as Exclusive Financial Advisor during this exploration process.”

INVISTA acquired the Seaford facility from DuPont back in 2004.