Coats Group Completes $770 Million Deal to Acquire OrthoLite

Coats Group plc now has an expanded position as a tier 2 supplier of shoe components. Following the completion of its $770 million transaction to acquire premium insole brand OrthoLite Holdings LLC, Coats can now lay claim as a “super tier 2” supplier in footwear components. The deal includes OrthoLite and Cirql. The transaction was announced in July. More from WWD “OrthoLite is one of the world’s most innovative manufacturers in footwear materials. With our combined capabilities, we’ll now be able to of ...