Coats Group PLC Deal Completion (9805M)

TIDMCOA

RNS Number : 9805M

Coats Group PLC

27 May 2022

Coats Group plc

Deal Completion

Coats Group plc ('Coats'), the world's leading industrial thread manufacturer, announces that, further to the announcement made on 10 May 2022, it has completed the sale of its business in Brazil and Argentina following satisfaction of the completion conditions.

 
 
   Enquiry details 
                      Richard Mountain / Nick                      +44 (0)20 3727 
 Media                 Hasell                    FTI Consulting     1374 
                                                 Coats Group       +44 (0)20 8210 
 Investors            Nick Kidd                   plc               5090

About Coats Group plc

Coats is the world's leading industrial thread company. At home in some 50 countries, Coats has a workforce of over 18,000 people across six continents. Revenues in 2021 were US$1.5bn. Coats provides complementary and value-adding products, services and software solutions to the apparel and footwear industries. It also applies innovative techniques to develop high technology performance materials threads, yarns, fabrics and composites in areas like personal protection, telecoms, energy, transportation, and household and recreation. Headquartered in the UK, Coats is a constituent of the FTSE 250 and FTSE4Good Index Series. It is a participant in the UN Global Compact, a member of the Ellen MacArthur Foundation, has approved short term Science Based Targets to 2030 and is committed to developing a long-term target to reach net-zero emissions by 2050, the highest level of ambition on climate change under the Science Based Target initiative. The pioneering history and innovative culture of Coats enable the delivery of its purpose to connect talent, textiles and technology to make a better and more sustainable world. For further information go to www.coats.com .

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