# 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.

- Type: Acquisition
- Announced: 2022-08-10
- Where: Germany
- Value: $117.0M (115.0M EUR)
- Status: announced
- Products: structural material solutions for footwear
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Coats](https://endata.com/companies/23765.md) (acquirer)
- [Rhenoflex](https://endata.com/companies/64676.md) (target)

## Sources

- [markets.ft.com](https://markets.ft.com/data/announce/detail?dockey=1323-15580140-3JEHQROHJA49UJCOPOIJL6CJ8V), 2022-08-10: "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."

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