The two subsidiaries are KED Fiber Ltd. and KED Fiber LLC. Invista, which has 18,000 employees, had 2002 revenue of $6.3 billion and includes such brands as Lycra and Stainmaster.
DuPont Chairman-CEO Charles O. Holliday, Jr., said the deal was designed to improve DuPontâs ability to provide growth for shareholders.
"This is a major milestone in the ongoing transformation of DuPont," Holliday said in a statement. He added, "Now that one of the most significant changes in our 201-year history is moving toward completion, we can focus on positioning DuPont for growth."