Business
Completion of acquisition
Completion of acquisition.
About this update from Coats Group Plc
21 July 2022 Coats Group plc Completion of acquisition Coats Group plc ('Coats'), the world's leading industrial thread manufacturer, announces that, further to the announcement made on 6 July 2022, it has completed the acquisition of Texon International Group Limited ('Texon'), following satisfaction of the completion conditions. Enquiry details Media Richard Mountain / Nick Hasell FTI Consulting +44 (0)20 3727 1374 Investors Nick Kidd Coats Group plc +44 (0)20 8210 5090 About Coats Group plc Coats is the world's leading industrial thread company. At home in some 50 countries, Coats has a workforce of over 17,000 people across six continents. Revenues in 2021 were US$1.5bn. Coats provides complementary and value-adding products, services and software solutions to the apparel and footwear industries. It also applies innovative techniques to develop high technology performance materials threads, yarns, fabrics and composites in areas like personal protection, telecoms, energy, transportation, and household and recreation. Headquartered in the UK, Coats is a constituent of the FTSE 250 and FTSE4Good Index Series. It is a participant in the UN Global Compact, a member of the Ellen MacArthur Foundation, has approved short term Science Based Targets to 2030 and is committed to developing a long-term target to reach net-zero emissions by 2050, the highest level of ambition on climate change under the Science Based Target initiative. The pioneering history and innovative culture of Coats enable the delivery of its purpose to connect talent, textiles and technology to make a better and more sustainable world. For further information go to www.coats.com .