Coats has bought over Pharr HP. Coats is an industrial thread company that offers more than 20 products in ten sizes of thread. But in terms of color it supplies the market more than a hundred thousand colors. It has launched many ranges of new innovative threads. One of these is the waterproof AS thread, which is used in footwear and down jackets.
Pharr HP, based in the US manufactures high-performance engineered yarns and specialises in providing technical yarn solutions to the industrial thermal protection, defense and fire service industries. The acquisition of Pharr’s manufacturing capabilities and customer base will provide further expertise and scale to Coats’ business. Pharr wanted to find the right buyer and found it in Coats, a global leader with a long, proven track record, which understands Pharr along with its commitment to its associates and communities.
Coats in turn can enhance Pharr’s performance by leveraging its extensive textile experience, strong industry connections, existing operational footprint in North America, and strong brand to deliver high performance solutions for its customers. With Pharr, Coats hopes to acquire a deep expertise in technical yarn solutions and create ever lighter, stronger and more comfortable yarns for the most extreme environments. Coats and Pharr hope to collaborate by building on synergies to develop innovative products.