Coats Group acquires Rhenoflex for €115 million

Coats Group plc has signed a definitive agreement to acquire 100% of Rhenoflex GmbH, a manufacturer of sustainable structural material solutions for the footwear industry, for an enterprise value of €115 million (approximately $117 million). The acquisition strengthens Coats' position in the athleisure and sports footwear market.

“Following the recent acquisition of Texon, this represents a synergistic bolt-on acquisition and a unique opportunity to strengthen Coats' position as a global leader in footwear components.”markets.ft.com

• 1 source
• markets.ft.comAcquisition of Rhenoflex – Company Announcement - FT.comAug 10, 2022

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