Coats Group PLC Deal Completion (0348L)
01 Septiembre 2023 - 1:00AM
UK Regulatory
TIDMCOA
RNS Number : 0348L
Coats Group PLC
01 September 2023
1 September 2023
Coats Group plc
Deal Completion
Coats Group plc ('Coats'), the world's leading industrial thread
and footwear components manufacturer, announces that, further to
the announcement made on 4 July 2023, it has completed the sale of
its European Zips business following satisfaction of the completion
conditions.
Enquiry details
Victoria Huxster / Julian +44 (0)7720 999
Investors Wais Coats Group plc 764
Richard Mountain / Nick +44 (0)20 3727
Media Hasell FTI Consulting 1374
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About Coats Group plc
Coats is a world leader in thread manufacturing and structural
components for apparel and footwear, as well as an innovative
pioneer in performance materials. These critical solutions are used
to create a wide range of products, including ones that provide
safety and protection for people, data and the environment.
Headquartered in the UK, Coats is a FTSE250 company and a FTSE4Good
Index constituent. Revenue in 2022 was $1.6 billion. Trusted by the
world's leading companies to deliver crucial, innovative, and
sustainable solutions, Coats provides value-adding products
including apparel, accessory and footwear threads, structural
footwear components, fabrics, yarns and software applications.
Customer partners include companies from the apparel, footwear,
automotive, telecoms, personal protection, and outdoor goods
industries. With a proud heritage dating back more than 250 years
and spirit of evolution enabling it to constantly stay ahead of
changing market needs, Coats has operations across some 50
countries with a workforce of 17,000, serving its customers
worldwide. Coats connects talent, textiles, and technology, to make
a better and more sustainable world. Worldwide, there are four
dedicated Coats Innovation Hubs, where experts collaborate with
partners to create the materials and products of tomorrow. It
participates in the UN Global Compact and is committed to Science
Based sustainability targets for 2030 and beyond, with a target of
achieving 'net zero' by 2050. Coats is also committed to achieving
its goals in Diversity, Equity & Inclusion, workplace health
& safety, employee & community wellbeing, and supplier
social performance. To find out more about Coats visit
www.coats.com .
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END
DISPBMBTMTMJTLJ
(END) Dow Jones Newswires
September 01, 2023 02:00 ET (06:00 GMT)
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