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Coats Group plc completed the acquisition of Pharr High Performance Yarns from Pharr Yarns, LLC for $37 million on February 10, 2020. The deal was signed on November 25, 2019.
Coats Group acquired Patrick Yarn Mill Inc., a manufacturer of high-performance engineered yarns specializing in cut-resistant and flame retardant yarns.
Coats, a manufacturer of industrial thread, acquired Patrick Yarn Mill, a maker of high-performance engineered yarns based in Kings Mountain, North Carolina. Patrick Yarn Mill has 150 employees and annual sales of about $36.5 million.
Coats has entered into a new agreement to supply Caterpillar Inc. with braid material for use in wiring harness systems.