Coats Group Completes Acquisition of OrthoLite
Coats Group has announced the completion of its acquisition of footwear materials provider OrthoLite, valued at $770 million.
The takeover is a major milestone in Coats Group's long-term growth plans, strengthening its existing footwear division through expansion.
- The acquisition includes OrthoLite’s sustainable materials label Cirql.
- Coats has entered the premium insole segment, complementing its existing global footprint.
As a result, the group will shift from a three-division structure to a two-division format, with a focus on:
- Apparel
- Footwear
Its Performance Materials business will merge into the two new divisions.
The acquisition reflects a major milestone in Coats Group's long-term growth plans.
Author's summary: Coats Group acquires OrthoLite for $770 million.
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