Coats Group acquires Texon for US$237 million

Coats Group signed a definitive agreement to acquire 100% of Texon International Group, a developer of structural component materials for footwear, for an enterprise value of US$237 million. The acquisition is expected to generate annual synergies of approximately US$5 million.

“The acquisition of Texon will strengthen our existing presence in the highly attractive athleisure footwear market.”just-style.com

• 1 source
• just-style.comCoats Group acquires Texon for US$237m - Just StyleFi ForrestJul 6, 2022

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