Coats Group completed the acquisition of OrthoLite for $780m.

Coats Group, a British multinational company, completed the acquisition of OrthoLite, a provider of premium insoles, for $780m. "I’m confident this move will bring even more value and opportunity for our customers and our people, while still delivering the great partnership and collaboration we’ve taken pride in over the years. After 28 years leading the way in premium insoles, I look forward to this next era of growth with Coats," Glenn Barrett, OrthoLite Founder and CEO.