Coats acquires OrthoLite, accelerating footwear growth strategy
Image: Coats Group Coats Group, a manufacturer of thread and structural components for apparel and footwear, has signed a definitive agreement to acquire OrthoLite Holdings LLC. The acquisition includes Cirql, a newly developed proprietary foam midsole technology that offers biodegradable or fully recyclable options. “The combination of Coats and OrthoLite is fantastic news for both [...]