Coats
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Handshake
The industrial thread manufacturer, Coats Plc., Uxbridge/UK, has acquired Patrick Yarn Mill Inc., Kings Mountain, NC/USA, a manufacturer of high-performance engineered yarns. Patrick Yarn Mill specializes in cut-resistant and flame-retardant yarns. It also produces yarns from recycled fibers marketed under its “earthspun” trademarks and with its large solar installation promotes its earth friendly yarns as ‘Spun by the Sun’.
The acquisition of Patrick Yarn Mill follows 2 highly successful acquisitions by Coats in 2016. Gotex SA, Barcelona/Spain, which designs and manufactures high-tech industrial yarns and tapes used in the telecommunications, energy and oil and gas sectors, became part of the Performance Materials unit. Fast React Systems (FRS), Derby/UK, which provides software solutions and expertise to improve operational efficiency and speed to market in apparel and footwear, became part of Coats Global Services.
Patrick Yarn Mill has 150 employees and in 2016 its annual sales were US$ 36.5 million.