Core Insights - OrthoLite has opened a new manufacturing facility in Ninh Binh province, North Vietnam, as part of its strategy to localize the entire product creation process and enhance production capabilities to support regional and global brand partners [1][2] Group 1: Facility and Production Strategy - The new facility in North Vietnam is designed to reduce lead times and enhance supply chain resilience, reflecting OrthoLite's commitment to local production [2] - The facility represents a vertical integration strategy, being company-owned and operated, which aims to provide efficient service to local partners and tier 1 factories [2][4] Group 2: Quality and Technology - OrthoLite maintains global quality standards to ensure consistency across foam formulations, while also reducing waste and implementing advanced digital monitoring tools for improved transparency and reliability [3] Group 3: Corporate Developments - OrthoLite was acquired by Coats Group plc in October for $770 million, positioning Coats as a "super tier 2" supplier in footwear components [4] - The acquisition included OrthoLite's Cirql operation, which focuses on proprietary foam technology for the midsole market, emphasizing biodegradable or fully recyclable materials [4] Group 4: Product Applications - OrthoLite insoles are utilized in various shoe options, including the New Balance handmade $250 walking shoe and luxury styles from Moncler, such as the Trailgrip sneaker and Altive Mid winter boot [4]

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 ...