Fibers Mexico, an affiliate of fibre giant Invista, has bought Alfa's stake in its apparel business facility in Monterrey, Mexico. The financial terms of the sale were not disclosed.

The Monterrey facility produces nylon 6 textile fibre, nylon 6,6 textile fibre and spandex used in the apparel and personal care industries and will be integrated into Invista's global apparel business.

"Invista is committed to the textile industry and this investment demonstrates that commitment," said Bill Ghitis, president, Invista Apparel.

"Our focus is to bring value to the apparel industry by delivering market back innovations based on consumer insights and linked to our brands."

Invista's apparel business includes global brands such as Lycra.