A global leader in premium structural components and materials for the footwear, accessories and apparel industries, Texon has been acquired by world’s largest industrial thread manufacturer Coats.

Texon provides high quality structural components to the global footwear market and has a long heritage as a proven supplier to the world’s leading brands. The business is focused on sustainable innovation and supplies high-performance, sustainable, materials, including heel counters, toe puffs and insoles to the highly attractive premium athleisure footwear market.

Rajiv Sharma, Group Chief Executive, says,Texon’sacquisition will strengthen Coat’s existing presence in the highly attractive athleisure footwear market. The business is complementary to Coats and provides attractive future commercial opportunities as the two companies work together to leveragetheir combined expertise and knowledge to succeed with their customers.