
Coats Group’s new £250m funding supports OrthoLite acquisition
Industrial thread and global footwear component manufacturer Coats Group has completed a capital raise to the tune of around £246 million that will go to part-funding a just-announced major acquisition. Coats has just bought US insole maker OrthoLite Holdings for $770 million (£575 million), “aiming to accelerate its growth strategy in the footwear industry”. The…