{"id":38761,"date":"2025-10-30T12:32:21","date_gmt":"2025-10-30T07:02:21","guid":{"rendered":"https:\/\/www.coats.com\/?post_type=news_post_type&p=38761"},"modified":"2026-07-08T21:21:31","modified_gmt":"2026-07-08T15:51:31","slug":"coats-completes-acquisition-of-ortholite-strengthening-footwear-business","status":"publish","type":"news_post_type","link":"https:\/\/www.coats.com\/de\/news\/2025\/10\/coats-completes-acquisition-of-ortholite-strengthening-footwear-business\/","title":{"rendered":"Coats Completes Acquisition of OrthoLite, Strengthening Footwear Business"},"content":{"rendered":"

Coats Group plc, a world-leading Tier 2 supplier of critical components to the apparel and footwear industries, announced today that it has completed its acquisition of OrthoLite, a global market leader in footwear materials and the number one brand in premium insoles.<\/p>

The acquisition marks a major milestone in the Company\u2019s long-term growth plans and strengthens its existing footwear division through expansion into the attractive, high-growth premium insole segment. Both companies already have a similar customer base, a complementary global footprint and a commitment to industry-leading innovation and sustainability practices.<\/p>

\u201cOrthoLite is one of the world\u2019s most innovative manufacturers in footwear materials. With our combined capabilities, we\u2019ll now be able to offer our customers more future-focused solutions for more of the shoe \u2013 without compromising on the trusted quality both companies stand for,\u201d said David Paja, Group Chief Executive Officer<\/strong>. \u201cWe\u2019re delighted to officially welcome Glenn and the OrthoLite team to the Coats family.\u201d<\/p>

\"Coats<\/figure>

Coats first announced its intention to purchase OrthoLite, and its sustainable materials brand, Cirql, on July 16, 2025, for an initial enterprise value of $770 million. Following previous footwear acquisitions, this is the latest step in the Company\u2019s ambition to shape the future of the global apparel and footwear supply chain through innovation, sustainability, and digital technologies that improve quality, efficiency and performance.<\/p>

\u201cI\u2019m confident this move will bring even more value and opportunity for our customers and our people, while still delivering the great partnership and collaboration we\u2019ve taken pride in over the years,\u201d said Glenn Barrett, Founder and CEO of OrthoLite<\/strong>. \u201cAfter 28 years leading the way in premium insoles, I look forward to this next era of growth with Coats.\u201d<\/p>

To better reflect its increased scale and expanded footwear capabilities, Coats will also move from a three-division organisational structure, previously Apparel, Footwear and Performance Materials, toward a simplified two\u2011division structure focused on Apparel and Footwear. Existing Performance Materials businesses will be folded into the two new divisions.<\/p>

The divisions will be led by Pasquale Abruzzese<\/strong>, Footwear CEO and Group Chief Operating Officer, and Adrian Elliott<\/strong>, Apparel CEO and Group Chief Commercial Officer. Glenn Barrett will continue to lead the OrthoLite business. External reporting will transition to this structure for the financial year ending December 2026.<\/p>

ENDS<\/strong><\/p>","protected":false},"excerpt":{"rendered":"

Coats Group plc announced that it has completed its acquisition of OrthoLite, a global market leader in footwear materials and the number one brand in premium insoles.<\/p>","protected":false},"featured_media":38778,"template":"","news-type":[149],"class_list":["post-38761","news_post_type","type-news_post_type","status-publish","has-post-thumbnail","hentry","news-type-group"],"acf":[],"yoast_head":"\nCoats Completes Acquisition of OrthoLite | Coats Group plc<\/title>\n<meta name=\"description\" content=\"Coats announced that it has completed its acquisition of OrthoLite, a global market leader in footwear materials and the number one brand in premium insoles.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.coats.com\/de\/news\/2025\/10\/coats-completes-acquisition-of-ortholite-strengthening-footwear-business\/\" \/>\n<meta property=\"og:locale\" content=\"de_DE\" 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