Acquisition of Texon expands Coats’ presence in athleisure footwear

Coats Group plc, the world’s leading industrial thread manufacturer, has acquired Texon, a global leader in premium structural components and materials for the footwear, accessories and apparel industries.

Texon provides high quality structural components to the global footwear market and has a long heritage as a proven supplier to the world’s leading brands. The business is focused on sustainable innovation and supplies high-performance, sustainable, materials, including heel counters, toe puffs and insoles to the highly attractive premium athleisure footwear market.

Texon, which has operations in Asia and Europe, is a complementary addition to Coats’ existing footwear business with attractive commercial opportunities from leveraging Coat’s existing footprint.

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