In November 2019, Coats, the world’s leading industrial thread company, has signed a binding agreement to acquire the business and assets of Pharr HP, a market leading manufacturer of high-performance engineered yarns based in McAdenville, North Carolina, US.
Pharr HP specialises in providing technical yarn solutions to the growing markets of Industrial Thermal Protection, Defence and Fire Service industries. The acquisition of Pharr HP’s manufacturing capabilities and customer base provides further expertise and scale to Coats’ existing Personal Protection business (part of the Performance Materials segment). Coats will enhance Pharr HP’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.
Founded in 1939, Pharr HP has around 350 employees. In its latest financial year, annual sales were c.$110m. The acquisition is subject to certain regulatory approvals and is expected to complete in early 2020.
- Fire Service: Fibres are sourced to create unique yarn blends that will be used to create fire resistant liners, outer shells and accessories
- Military: High-performance yarns are spun from various Berry Compliant fibres, with a proven reliability demonstrated through rigorous testing protocols
- Industrial Workwear: Meticulously tested fibres that help defend against flame and fire, electric arc flash, cut hazards and dangerous chemicals to create specific high-performance yarns.