REG - Coats Group PLC - Deal completion

CoatsAnnouncement

23/08/2022 15:30

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RNS Number : 9677W  Coats Group PLC  23 August 2022

23 August 2022

 

Coats Group plc

 

Completion of acquisition

 

Coats Group plc ('Coats'), the world's leading industrial thread
manufacturer,  announces that, further to the announcement made on 10 August
2022, it has completed the acquisition of Rhenoflex GmbH ('Rhenoflex'),
following satisfaction of the completion conditions.

 

 Enquiry details

 Media             Richard Mountain / Nick Hasell  FTI Consulting   +44 (0)20 3727 1374
 Investors         Nick Kidd                       Coats Group plc  +44 (0)20 8210 5090

 

About Coats Group plc

Coats is the world's leading industrial thread company. At home in some 50
countries, Coats has a workforce of over 17,000 people across six continents.
Revenues in 2021 were US$1.5bn. Coats provides complementary and value-adding
products, services and software solutions to the apparel and footwear
industries. It also applies innovative techniques to develop high technology
performance materials threads, yarns, fabrics and composites in areas like
personal protection, telecoms, energy, transportation, and household and
recreation. Headquartered in the UK, Coats is a constituent of the FTSE 250
and FTSE4Good Index Series. It is a participant in the UN Global Compact, a
member of the Ellen MacArthur Foundation, has approved short term Science
Based Targets to 2030 and is committed to developing a long-term target to
reach net-zero emissions by 2050, the highest level of ambition on climate
change under the Science Based Target initiative. The pioneering history and
innovative culture of Coats enable the delivery of its purpose to connect
talent, textiles and technology to make a better and more sustainable world.
For further information go to www.coats.com (http://www.coats.com) .

 

 

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