INVISTA acquires propylene business from Flint Hills ResourcesSep 28, 2022
INVISTA, a Koch company and affiliate of Flint Hills Resources, has acquired the Flint Hills Resources propylene business effective Jan. 1, 2022. This includes chemical facilities in Houston and Longview, Texas, as well as support employees. Ownership of the pipelines that supply these facilities also transferred to INVISTA, and they will continue to be operated by Flint Hills Resources under contract.
"This addition of the propylene business to INVISTA’s existing portfolio provides a strong chemical platform in which to grow," said Jeff Gentry, INVISTA chairman and CEO. "We look forward to applying our combined knowledge and capabilities to accelerate future innovation and growth opportunities."
INVISTA is a global manufacturer of chemical intermediates, polymers and fibers. From parts for the automotive industry to medical equipment, air bags, food packaging, carpet and clothing, our ingredients in the nylon 6,6 and polypropylene value chains help bring many of life’s essential products to market. A subsidiary of Koch Industries since 2004, INVISTA is committed to innovation and responsibly creating more value for its customers and society while consuming fewer resources to make these products. See the bigger picture at INVISTA.com.