Coats Group, an industrial thread manufacturer, completed the acquisition of Pharr High Performance Yarns, a manufacturer of high-performance engineered yarns, for $37m. "Pharr HP expands our existing manufacturing capabilities and widens our innovation offering to drive further penetration into the Personal Protection market. With Pharr HP we are acquiring deep expertise in technical yarn solutions helping us to create ever lighter, stronger and more comfortable yarns for the most extreme environments, protecting many of those who protect us. We will draw upon our strong track record of successfully integrating and growing bolt-on acquisitions, including Gotex and Patrick Yarn Mill which form an integral part of our Performance Materials business," Rajiv Sharma, Coats Group Chief Executive.