- CEO
- David Paja
- Full Time Employees
- 16,042
- Sector
- Consumer Cyclical
- Industry
- Apparel - Manufacturers
- Address
- 4 Longwalk Road London United Kingdom UB11 1FE
- IPO Date
- Dec 20, 2017
- Business
- Coats Group plc (CGGGF) is a world-leading Tier 2 manufacturer of value-adding products and critical components for the apparel, footwear, and performance materials industries, including apparel, accessory, and footwear threads; structural footwear components such as insoles, zips, trims, and composites; fabrics; yarns; and software applications for production optimization and digital solutions. The company serves major global brands in apparel, footwear, automotive, telecoms, personal protection, and outdoor goods sectors, with a focus on innovation, sustainability, and high-performance materials like eco-friendly sewing threads, water-resistant finishes, and circular textile solutions. Coats operates through a global footprint with manufacturing and innovation hubs in regions including Europe, the Americas, Asia (notably China, India, Vietnam), and Turkey, generating significant revenue from China, Hong Kong, the UK, and emerging markets. Founded in 1755 through the origins of the Coats and Clark families in Paisley, Scotland, the company is headquartered at 4th Floor, 14 Aldermanbury Square, London, EC2V 7HS, United Kingdom, and employs approximately 16,000 people worldwide.
In recent developments, Coats completed the acquisition of OrthoLite Holdings LLC, the global leader in premium insoles and sustainable materials brand Cirql, in October 2025 for an initial enterprise value of $770 million, following announcement in July 2025; this strategic move expands its footwear portfolio into the high-growth insole segment, enhances customer overlap, and targets $20 million in annual cost synergies by 2028 through footprint optimization and innovation acceleration.[image:1 from fetch] Concurrently, Coats reorganized into a simplified two-division structure focused on Apparel (led by Adrian Elliott) and Footwear (led by Pasquale Abruzzese), folding Performance Materials into these units, with external reporting transitioning for the financial year ending December 2026; this supports its ambition to become a super Tier 2 supplier.[ from fetch] Earlier initiatives include launching Innovation Hubs in North Carolina, Turkey, and China; acquiring Texon and Rhenoflex for footwear components; and achieving SBTi-validated net-zero targets by 2050, alongside reductions in landfill waste by 87% since 2022.[ from fetch]