Pharr HP is a market leading manufacturer of high-performance engineered yarns based in McAdenville, North Carolina, US. It specialises in providing technical yarn solutions to the growing markets of Industrial Thermal Protection, Defence and Fire Service industries. The acquisition of Pharr HP\u2019s manufacturing capabilities and customer base provides further expertise and scale to Coats\u2019 existing Personal Protection business (part of the Performance Materials segment). Coats will enhance Pharr HP\u2019s 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.<\/p>\n
Rajiv Sharma, Group Chief Executive, Coats, said: ‘We can draw from our strong track record of successfully integrating and growing acquisitions as we add the Pharr HP operations to the Coats family. The completion of the transaction means we can now further enhance the expertise and scale of our Personal Protection business.’<\/p>\n
The completion of the transaction on 10 February 2020 follows the announcement in November 2019 that Coats had signed a binding agreement, subject to the receipt of the required regulatory approvals and other completion procedures, to acquire the business and assets of Pharr HP.<\/p>\n
ENDS<\/strong><\/p>","protected":false},"excerpt":{"rendered":" The transaction for Coats to acquire Pharr High Performance Yarns (Pharr HP) has completed.<\/p>","protected":false},"featured_media":4495,"template":"","news-type":[149,151,150],"class_list":["post-4493","news_post_type","type-news_post_type","status-publish","has-post-thumbnail","hentry","news-type-group","news-type-people","news-type-product-services"],"acf":[],"yoast_head":"\n