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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, […]
Texon and Umbro team up
February 1st, 2022
Texon’s innovative jacquard weaving technology incorporates patterns and colors into the weave instead of being printed or dyed onto the surface of the fabric. Photos: Texon. Texon, a leader in performance fabrics and structural components for the footwear industry, announced it is working with Umbro, the global sports brand, on a world first in the […]