LONDON: Coats Group plc said Wednesday it will acquire OrthoLite Holdings LLC, the global leader in premium insoles, for $770 million, as part of its strategy to expand in the high-growth footwear component sector. The deal, expected to close in the fourth quarter of 2025, will be funded through a mix of new debt facilities…
LONDON, UK: Coats Group plc, the world’s leading industrial thread and global footwear component manufacturer, has announced that it has agreed to sell its European Zips business to Aequita, a German family office, for an expected nominal cash consideration of around $1m. The deal, which is expected to close in the third quarter of 2023,…
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…
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…
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,…