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Navis to sell Texon to Coats Group
July 7th, 2022
Navis Capital Partners (“Navis”), has agreed to sell its stake in Torque Group International Fortune (“Texon”) to Coats Group plc (“Coats”), the thread manufacturer, for US$237m. Texon is a leading manufacturer of high performance, sustainable materials for footwear, accessories, and functional apparel.Rodney Muse, Managing Partner, Navis Capital, notes, “When we invested in Texon in 2016, […]
Coats to host sustainability webinar
March 1st, 2021
On March 12, 2021, Coats will host the live panel discussion “Targeting Circularity” with members from its sustainability delivery team. Panelists will explore Coats’ sustainability agenda, industry challenges and the shift towards circularity, and innovations to enable a more sustainable future. Headquartered in the U.K., Coats is a leading industrial thread business that employs 17,000 […]
Coats publishes 2019 Sustainability Report
April 10th, 2020
The report, “Pioneering a sustainable future: making it happen,” gives an update on progress against the targets for 2022 published in the 2018 Sustainability Report. In order to accelerate the company’s progress towards a more sustainable future, five priority areas were identified: water, energy, effluent and emissions, social and living sustainably. Since then, Coats has […]
Coats acquires Pharr HP
January 3rd, 2020
Coats has signed an agreement to acquire Pharr HP, a manufacturer of high-performance engineered yarns based in McAdenville, N.C. Pharr HP provides technical yarn solutions to the industrial thermal protection, defense and fire service industries. The acquisition of Pharr HP’s manufacturing capabilities and customer base provides further expertise and scale to Coats’ existing personal protection […]
Coats Digital announced
November 14th, 2019
Coats is launching Coats Digital. The integrated technology business brings together all Coats software solutions under a new single brand. A key aspect of Coats’ growth strategy is to build an innovative software solutions business for its customers. Coats Digital provides in-depth industry expertise combined with the practical application of the latest technology, including Big […]
Coats publishes sustainability strategies
May 21st, 2019
The industrial threads company Coats has published its first sustainability report, which covers key performance data from January 1, 2018, to December 31, 2018. The report, “Pioneering a Sustainable Future,” also launches a sustainability strategy, which sets out seven targets for 2022 across five priority areas in order to accelerate the company’s progress toward a […]
Coats acquires Patrick Yarn Mill
January 29th, 2018
Coats, an industrial thread manufacturer based in Uxbridge, England, has acquired Patrick Yarn Mill Inc., Kings Mountain, N.C., a manufacturer of cut-resistant and flame retardant yarns. Patrick Yarn Mill’s unique spinning competencies in engineered performance yarns will expand Coats’ existing Performance Materials portfolio and extend its innovation capability. Coats will support Patrick Yarn Mill’s expansion […]