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The corporate first introduced plans to accumulate OrthoLite and the related sustainable supplies model Cirql on 16 July 2025, with an preliminary enterprise worth for the transaction set at $770m.
The transfer indicators Coats’ deal with strengthening its footwear division by increasing into the premium insole phase.
OrthoLite, headquartered in Amherst, Massachusetts, provides open-cell foam know-how and is accountable for the event of OrthoLite Cirql.
In response to data on LinkedIn, the corporate employs over 3,000 folks worldwide and companions with greater than 500 international footwear manufacturers.
Its manufacturing presence extends to Vietnam, China, India, Indonesia, Spain and Brazil.
Each Coats and OrthoLite share an analogous consumer base and geographical attain.
Coats CEO David Paja mentioned: “OrthoLite is likely one of the world’s most revolutionary producers in footwear supplies. With our mixed capabilities, we’ll now be capable to supply our clients extra future-focused options for extra of the shoe – with out compromising on the trusted high quality each firms stand for.”
Having accomplished the transaction, Coats will implement a brand new organisational construction. The present three-division mannequin comprising Attire, Footwear, and Efficiency Supplies might be simplified into two divisions, Attire and Footwear.
The Efficiency Supplies companies will merge into these two new divisions as a part of this modification.
Pasquale Abruzzese will lead the Footwear division as CEO and group chief working officer, whereas Adrian Elliott will head Attire as CEO and group chief industrial officer. Glenn Barrett will stay on the helm of the OrthoLite enterprise.
The corporate will implement exterior reporting aligned with this construction for the monetary yr ending December 2026.
Glenn Barrett mentioned: “I’m assured this transfer will carry much more worth and alternative for our clients and our folks, whereas nonetheless delivering the nice partnership and collaboration we’ve taken delight in over time. After 28 years main the way in which in premium insoles, I stay up for this subsequent period of progress with Coats.”
This acquisition represents Coats’ most up-to-date transfer after earlier footwear offers, to advance its aim of influencing the worldwide attire and footwear provide chain by implementing “innovation, sustainability, and digital applied sciences” aimed toward enhancing “high quality, effectivity and efficiency”.
“Coats Group finalises $770m acquisition of OrthoLite in footwear sector push” was initially created and revealed by Simply Fashion, a GlobalData owned model.
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