# 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.

- Type: Acquisition
- Announced: 2022-07-06
- Where: United Kingdom
- Value: $237.0M
- Status: announced
- Products: structural component materials for footwear
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Coats](https://endata.com/companies/23765.md) (acquirer)
- [Texon International Group](https://endata.com/companies/63978.md) (target)

## Sources

- [just-style.com](https://www.just-style.com/news/coats-group-acquires-footwear-materials-specialist-texon-for-us237m/), 2022-07-06: "The acquisition of Texon will strengthen our existing presence in the highly attractive athleisure footwear market."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.