Coats Joins the FTSE 250

Coats, the world’s leading industrial thread manufacturer and a major player in the Americas textile crafts market, is to enter the FTSE 250.  The latest quarterly review by FTSE Russell, the global index provider, confirms that Coats has met the requisite criteria and will enter the FTSE 250 with effect from Monday 19 June 2017.  This also comes after Coats market capitalisation reaching in excess of £1bn last week. 

Also in June 2016, Coats acquired Gotex, a Spanish based company which designs and manufactures high performance fibres, yarns and tapes used in the telecommunications, energy and oil and gas sectors.  This was the first acquisition for the Performance Materials part of the business. All three acquisitions have proved highly successful with the companies each outperforming their post-acquisition targets.

You may also have interest in the following textile news articles:

Hemseal Adhesive Thread

Herringbone Zips by Coats

Coats Group Acquires GSD

Coats Acquires Fast React Systems

Coats Opti Express Zip Sampling

Reflective Thread from Coats

Metallized Thread Antenna RFID

Secura Thread from Coats

About Coats 

Coats is the world's leading industrial thread manufacturer and a major player in the Americas textile crafts market. At home in some 60 countries, Coats employs 19,000 people across six continents. Revenues in 2016 were US$ 1.5bn. 

Coats' pioneering history and innovative culture ensure the company leads the way around the world: providing complementary and value added products and services to the apparel and footwear industries; applying innovative techniques to develop high technology Performance Materials threads and yarns in areas such as automotive, composites and fibre optics; and extending the crafts offer into new markets and online. 

Learn about the FTSE Russell and more about Coats.