Patrick Yarn Mills
In December 2017 Coats acquired Patrick Yarn Mill (PYM), a manufacturer of high-performance engineered yarns based in North Carolina, US.
PYM 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’.
Founded in 1963, PYM has 150 employees. In 2017, its annual sales were $42m with operating profit of $2m. Its unique spinning competencies in engineered performance yarns offer an opportunity to expand Coats’ existing Performance Materials portfolio as well as to extend its innovation capability.
Coats is supporting PYM’s expansion into high-growth markets by leveraging Coats' unrivaled geographic footprint, breadth of global customer relationships and strong corporate brand.
Coats acquires Patrick Yarn Mill
- Innovative new spinning technologies
- Ethical and sustainable manufacturing solutions
- ‘Spun by the sun’ – yarns from recycled plastic
- Earth spun’ – environmentally friendly fibers