REG - Coats Group PLC - Deal Completion

CoatsAnnouncement

01/09/2023 07:00

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RNS Number : 0348L  Coats Group PLC  01 September 2023

1 September 2023

Coats Group plc

Deal Completion

 

Coats Group plc ('Coats'), the world's leading industrial thread and footwear
components manufacturer, announces that, further to the announcement made on 4
July 2023, it has completed the sale of its European Zips business following
satisfaction of the completion conditions.

 

 Enquiry details
 Investors         Victoria Huxster / Julian Wais  Coats Group plc  +44 (0)7720 999 764
 Media             Richard Mountain / Nick Hasell  FTI Consulting   +44 (0)20 3727 1374

 

About Coats Group plc

Coats is a world leader in thread manufacturing and structural components for
apparel and footwear, as well as an innovative pioneer in performance
materials. These critical solutions are used to create a wide range of
products, including ones that provide safety and protection for people, data
and the environment. Headquartered in the UK, Coats is a FTSE250 company and a
FTSE4Good Index constituent. Revenue in 2022 was $1.6 billion. Trusted by the
world's leading companies to deliver crucial, innovative, and sustainable
solutions, Coats provides value-adding products including apparel, accessory
and footwear threads, structural footwear components, fabrics, yarns and
software applications. Customer partners include companies from the apparel,
footwear, automotive, telecoms, personal protection, and outdoor goods
industries. With a proud heritage dating back more than 250 years and spirit
of evolution enabling it to constantly stay ahead of changing market needs,
Coats has operations across some 50 countries with a workforce of 17,000,
serving its customers worldwide. Coats connects talent, textiles, and
technology, to make a better and more sustainable world. Worldwide, there are
four dedicated Coats Innovation Hubs, where experts collaborate with partners
to create the materials and products of tomorrow. It participates in the UN
Global Compact and is committed to Science Based sustainability targets for
2030 and beyond, with a target of achieving 'net zero' by 2050. Coats is also
committed to achieving its goals in Diversity, Equity & Inclusion,
workplace health & safety, employee & community wellbeing, and
supplier social performance. To find out more about Coats visit www.coats.com
(https://nam11.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.coats.com%2F&data=05%7C01%7C%7Cd427f915c4a04c7a281808db0a8c12ed%7C048ff72770274cd0b672f075b0bdb973%7C0%7C0%7C638115368955536325%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=84xJl8cQryEvN50TOkTQnuGQiFTmWNiC4iTooOH29u0%3D&reserved=0)
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