Deal Snapshot
COATS GROUP ACQUIRES NORTH CAROLINA-BASED PHARR HIGH PERFORMANCE YARNS
Thursday 13 February 2020

UK-based industrial thread manufacturer Coats Group plc (LSE: COA) has agreed to acquire the business and assets of North Carolina-based engineered yarns provider Pharr High Performance Yarns to add expertise and scale to Coats' personal protection business, the company said.
Pharr HP's annual sales in its fiscal year ending 31 March 2019 were approximately USD 110m, with adjusted EBITDA of approximately USD 5m.


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Details
Date Published: 13/02/2020
Target: Pharr High Performance Yarns
Country: USA
Sector: Clothing/Textiles
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor:
Buyer: Coats Group plc
Comment:
Terms of the deal were not disclosed

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