Coats Completes Acquisition of OrthoLite, Strengthening Footwear Business
30.10.2025 08:15:00 CET | Business Wire | Press Release
Coats Group plc, a world-leading Tier 2 supplier of critical components to the apparel and footwear industries, announced today that it has completed its acquisition of OrthoLite, a global market leader in footwear materials and the number one brand in premium insoles.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251030015142/en/
OrthoLite Vietnam
The acquisition marks a major milestone in the Company’s long-term growth plans and strengthens its existing footwear division through expansion into the attractive, high-growth premium insole segment. Both companies already have a similar customer base, a complementary global footprint and a commitment to industry-leading innovation and sustainability practices.
“OrthoLite is one of the world’s most innovative manufacturers in footwear materials. With our combined capabilities, we’ll now be able to offer our customers more future-focused solutions for more of the shoe – without compromising on the trusted quality both companies stand for,” said David Paja, Group Chief Executive Officer.“We’re delighted to officially welcome Glenn and the OrthoLite team to the Coats family.”
Coats first announced its intention to purchase OrthoLite, and its sustainable materials brand, Cirql, on July 16, 2025, for an initial enterprise value of $770 million. Following previous footwear acquisitions, this is the latest step in the Company’s ambition to shape the future of the global apparel and footwear supply chain through innovation, sustainability, and digital technologies that improve quality, efficiency and performance.
“I’m confident this move will bring even more value and opportunity for our customers and our people, while still delivering the great partnership and collaboration we’ve taken pride in over the years,” said Glenn Barrett, Founder and CEO of OrthoLite. “After 28 years leading the way in premium insoles, I look forward to this next era of growth with Coats.”
To better reflect its increased scale and expanded footwear capabilities, Coats will also move from a three-division organisational structure, previously Apparel, Footwear and Performance Materials, toward a simplified two‑division structure focused on Apparel and Footwear. Existing Performance Materials businesses will be folded into the two new divisions.
The divisions will be led byPasquale Abruzzese, Footwear CEO and Group Chief Operating Officer, and Adrian Elliott, Apparel CEO and Group Chief Commercial Officer. Glenn Barrett will continue to lead the OrthoLite business. External reporting will transition to this structure for the financial year ending December 2026.
About Coats Group plc
Coats is a world-leading Tier 2 manufacturer and trusted partner for the apparel and footwear industries. We deliver essential materials, components, and software solutions that help our customers grow, compete and win.
With over 250 years of industry expertise, we’re shaping the future of the apparel and footwear supply chain through insight-led innovation, impactful sustainability practices, and digital technologies that unlock better product quality, efficiency and performance.
Headquartered in the UK, Coats is a FTSE 250 company and a constituent of the FTSE4Good Index. In 2024, we generated $1.5 billion in revenue and employed 16,000 people worldwide—all united by a spirit of innovation, quality and service. Learn more at www.coats.com or follow us on LinkedIn.
View source version on businesswire.com: https://www.businesswire.com/news/home/20251030015142/en/
Contacts
Media Contacts:
Coats Press Office
communications@coats.com
Verde Brand Communications
Lauren Haber
Lauren@verdepr.com
(c) 2024 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Belkin utökar sitt tillbehörssortiment för Nintendo Switch 2 med ett nytt laddningsgrepp och en reseväska4.6.2026 18:00:00 CEST | Pressmeddelande
Idag presenterade Belkin, ett ledande varumärke inom konsumentelektronik i 40 år, utökningen av sitt tillbehörssystem för Nintendo Switch 2 med lanseringen av Gamingladdningsgrepp för Nintendo Switch 2 och Gaming reseväska för Nintendo Switch 2. Detta pressmeddelande använder multimedia. Se den fullständiga versionen här: https://www.businesswire.com/news/home/20260604964804/sv/ Belkin expands Nintendo Switch 2 accessories ecosystem with new Charging Grip and Travel Bag Efter premiären för det prisbelönade Laddningsfodral Pro i januari, utökar de nya tillbehören Belkins speltillbehörssortiment, och erbjuder spelare fler sätt att strömförsörja, skydda och bära sina speltillbehör vart de än spelar. Efter att gett sig in i kategorin speltillbehör i juni 2025, fortsätter Belkin att utöka sitt sortiment med genomtänkt utformade produkter som kombinerar förstklassiga material, praktiska innovation och beprövad prestanda. De senaste tillskotten är utformade för att förhöja den bärbara spelupp
DEWA Opens Registration for WETEX 20264.6.2026 17:55:00 CEST | Press Release
Dubai Electricity and Water Authority (DEWA) has opened registration for the 28th edition of the Water, Energy, Technology and Environment Exhibition (WETEX), which will take place from 20 to 22 October 2026 at the Dubai World Trade Centre. One of the leading specialised exhibitions of its kind in the world and the largest in the region, WETEX is convened by DEWA under the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and the patronage of HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260604642265/en/ DEWA opens registration for WETEX 2026 (Photo: AETOSWire) WETEX covers a wide range of sectors, including energy, water, environment, green development, digital transformation, artificial intelligence (AI), sustainability, decarbonisation, green mobility, green hydroge
LotusFlare’s DNO™ Cloud Powers the Launch of Pi in South Africa4.6.2026 17:49:00 CEST | Press Release
LotusFlare, a leading provider of cloud-native, AI-driven digital commerce and monetization platforms for communications service providers (CSPs), today announced its partnership with MTN South Africa to power the launch of its new digital brand, Pi. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260604149542/en/ At the core of Pi is LotusFlare’s DNO™ Cloud—a fully digital, cloud-native BSS platform that enables delivering a seamless, app-first customer experience at scale. From onboarding to plan management, Pi customers can access 5G mobile, fixed wireless, and travel eSIM services within minutes—without contracts, credit checks, or call centres—through a single, intuitive interface. DNO™ Cloud underpins the entire Pi ecosystem, including front-end digital experiences, product catalog, order management, converged charging, billing, and eSIM orchestration. Deployed on public cloud infrastructure in compliance with South Afr
INRIX Sets the Standard for Predictive and Accurate Parking Intelligence4.6.2026 17:42:00 CEST | Press Release
INRIX, Inc., a global leader in transportation intelligence, today announced a significantly expanded deployment of its predictive parking and curb intelligence platform, reinforcing its position as the industry’s most comprehensive and decision-grade parking intelligence solution for automotive OEMs, cities, and mobility platforms worldwide. INRIX provides real world coverage based on how parking actually works on-street, off-street, dynamic availability and driver behavior. Others count locations. INRIX understands parking ecosystems. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260604808273/en/ Parking Intelligence for a New Era of Mobility Parking Intelligence for a New Era of Mobility Parking data has traditionally been evaluated based on volume, how many locations are listed, or how many attributes are captured. But as mobility evolves, these metrics are no longer sufficient. INRIX is redefining the category by prior
Steady concentration PD with the Carry Life UF system increased ultrafiltration nearly threefold and sodium removal nearly tenfold vs 2.5% dextrose CAPD, while improving glucose efficiency and supporting enhanced fluid management in PD patients4.6.2026 16:45:00 CEST | Press Release
Triomed AB today announced positive results from a prospective, multicenter, randomized, crossover study evaluating steady concentration peritoneal dialysis using the Carry Life UF system in adult patients undergoing CAPD. The study demonstrated significant improvements in ultrafiltration, peritoneal sodium removal and glucose ultrafiltration efficiency (ultrafiltration volume in relation to glucose absorption) compared with standard 2.5% dextrose CAPD in the home setting over four weeks. The study results were presented as a Focussed Oral presentation based on a late-breaking clinical trial abstract at the European Renal Association (ERA) Congress in Glasgow, United Kingdom, and simultaneously published in the Journal of the American Society of Nephrology (JASN). In this study, participants received their standard CAPD treatment during the control arm, whereas in the Carry Life UF arm, one daily 2.5% dextrose exchange was replaced by a Carry Life UF treatment three days per week, and
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom