The world’s leading thread manufacturer Coats has announced the completion of the acquisition of Pharr High Performance Yarns (Pharr HP). North Carolina based Pharr HP is a leading manufacturer of high-performance engineered yarns. Pharr HP specialises in providing technical yarn solutions to the Industrial Thermal Protection, Defence, and Fire Service industries.
The acquisition of Pharr HP’s manufacturing capabilities will provide further expertise and scale to Coats’ existing Personal Protection business. Coats will enhance Pharr HP’s performance by leveraging its extensive textile experience, strong industry connections, existing operational footprint in North America. Earlier in November 2019, Coats had signed a binding agreement to acquire the business and assets of Pharr HP.
In January 2020, Coats announced a new partnership with the global lighting specialist Osram, to launch Coats Signal Active Illumination to help improve people’s safety and visibility. Coats Signal Active Illumination is a washable, lightweight, and customizable LED light system designed for application in garments and accessories.
In April 2019, Coats completed the opening of its series of three Innovation Hubs. The company officially unveiled Innovation Hub – EMEA at its site in Bursa, Turkey.
Coats is the world’s leading industrial thread manufacturer. Coats employ around 19,000 people across /six continents. The company has an operation in over 50 countries. Coats provides complementary and value-added products and services to the apparel and footwear industries and applies innovative techniques to develop high technology Performance Materials threads and yarns in areas such as automotive, composites, and fiber optics.