Coats
Group plc, the world’s leading industrial thread and
consumer textile crafts business, and GSD are pleased to announce that,
following the strategic alliance announced in May 2014, Coats has acquired 100%
of GSD Corporate Ltd, which becomes a Coats Group company.
GSD, a UK based company, supplies
expert management solutions that analyse time, cost and production capability in
the sewn products sector with the focus on maximising productivity and
controlling costs. GSD will become part of Coats Global Services, which was
launched in 2013 in response to customer demands to help them realise
productivity and supply chain improvements, develop technical skills and enhance
corporate responsibility.
Paul Forman, Chief Executive, Coats
Group plc, said: ‘We are delighted that GSD will be joining Coats Group. GSD is
a world leader in its field, with a comprehensive offering that meets both cost
efficiency and social compliance needs at a time when we are seeing growth in
demand in these areas. Coats is also a recognised industry leader, with
longstanding expertise and deep industry relationships. Both companies, and more
importantly our customers, will benefit from the combination and wider
availability of these value adding services.’
Paul Timson,
Managing Director, GSD (Corporate) Ltd, said: ‘This is a great opportunity for
GSD and for our customers. We are delighted to be joining Coats following the
success of our strategic alliance over the last 12 months. The combination of
GSD’s specialist technical knowledge, data integrity and industry experience
married to the global reach, customer and brand relationships, industry stature
and consulting expertise of Coats, will provide a transformative and exciting
offering.’
Coats Global Services and GSD will
work together to deliver management solutions to maximise productivity and drive
down costs in the sewn products manufacturing sector, with GSD providing
time-cost benchmarking and Coats offering consulting and technical production
expertise, for retailers, brands and their supply chain vendors.
GSD will enhance Coats Global
Services’ end to end Operational Excellence offering, which provides practical,
industry-specific technical services, training, technology solutions, quality
assurance and compliance, while GSD will have access to Coats’ global reach and
resources.
Thank you for taking the time to read our fashion industry news post. We hope that you have found this news to be informative.
You may also want to read about the new Coats Opti Express Zipper Sampling project. Another piece of interesting news that we recently reported is in regard to their new reflective thread being offered.
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