Coats Group to acquire Texon International at an enterprise value of $237mn

LONDON, UK: Coats Group plc, the world’s leading industrial thread manufacturer, has signed a definitive agreement to acquire 100% of Texon International Group Limited, a leading footwear solutions provider, for an enterprise value of $237 million. The acquisition is expected to complete in July, a bourse filing said. Texon, a company with operations in Asia…

Coats Group to sell business in Brazil and Argentina to Reelpar SA

LONDON, UK: Coats Group plc, the world’s leading industrial thread manufacturer, has signed an agreement to sell its business in Brazil and Argentina to Reelpar SA, an entity backed by a Sao Paulo Private Equity Firm. The deal is expected to complete in May, following customary completion procedures. As a result of the disposal there…

Coats announced completion of Pharr High Performance Yarns acquisition

LONDON: Coats Group, a leading industrial thread manufacturer, has completed the acquisition of the business and assets of Pharr High Performance Yarns, following receipt of the required regulatory approvals and other completion procedures, the transaction was completed on 10 February 2020. Pharr HP is a market leading manufacturer of high-performance engineered yarns based in McAdenville,…