Announced
Completed
Financials
Tags
United Kingdom
Single Bidder
footwear
Private
textiles
Private Equity
Friendly
Domestic
Majority
Acquisition
Footwear
Completed
Synopsis
Coats Group, an industrial thread manufacturer, completed the acquisition of Texon, a footwear solutions provider, from Navis Capital, a private equity firm, for $237m. "The acquisition of Texon will strengthen our existing presence in the highly attractive athleisure footwear market. The business is complementary to Coats and provides attractive future commercial opportunities as we work together leveraging our combined expertise and knowledge to succeed with our customers. We recognise and share Texon's focus on sustainability and innovation and believe that this acquisition strengthens our ability to fulfil these shared ambitions," Rajiv Sharma, Coats CEO.
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