Coats Group acquired Threadsol for $12m.

Coats Group, the world’s leading industrial thread manufacturer and a major player in the Americas textile crafts market, acquired Threadsol, cloud-based digital applications provider, for $12m. Rajiv Sharma, Group Chief Executive, Coats, said: ‘ThreadSol is an exciting acquisition that supports a key aspect of our growth strategy: to build an innovative software solutions business for the apparel and footwear industries. We will be able to draw upon our demonstrable track record of successfully integrating bolt-on companies following the acquisitions of Patrick Yarn Mill, Gotex and Fast React Systems, all of which are performing well under our ownership.’