Coats, the world\u2019s leading industrial thread manufacturer, has acquired Gotex, a Spanish based company which designs and manufactures high performance fibres, yarns and tapes used in the telecommunications, energy and oil and gas sectors. Coats has acquired 100% of Gotex which becomes part of Coats Speciality with immediate effect.<\/p>\n
Gotex\u2019s unique fibreglass coating technology and products will complement Coats\u2019 existing coated aramid product range. There is much synergy between the product offerings and together, the companies will be able to provide an enhanced range of products to the fibre optics cable industry. The acquisition reinforces Coats\u2019 strategy of expanding into value added engineered yarns.<\/p>\n
Gotex is headquartered near Barcelona, Spain and has approximately 60 employees. It has three main categories of products:<\/p>\n
\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Technical yarns \u2013 yarns transformed via unique and proprietary coating technologies, used in the cable industry to reinforce, insulate and protect optical fibres.<\/p>\n
\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Technical woven tapes \u2013 woven high technical fibres, such as fibreglass, aramid or carbon used to protect cables from impacts, rodents, etc and in composites.<\/p>\n
\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Product trading \u2013 buying and selling additional products that cannot be manufactured in-house eg mica tapes, FRP rods, plastic films.<\/p>\n
Its core customer base is fibre optic cable manufacturers, although oil and gas flexible pipe producers and high tech sports equipment manufacturers are also growing areas.<\/p>\n
Paul Forman, Group Chief Executive, Coats, said: \u2018Gotex is an exciting first acquisition for our Speciality business that is fully aligned with our growth strategy; a global market leader in developing and producing innovative, high performance materials that complement our exisiting product portfolio.\u00a0 It is an ideal fit with our Speciality business.\u2019<\/p>\n
David Ferr\u00e9, Managing Director, Gotex, said: \u2018This offers great opportunity both for Gotex and our customers.\u00a0 It provides a way to accelerate our business growth and further develop our brand through significantly enhanced market strength and opportunity, as well as prospects for product collaboration with a global market leader.\u2019<\/p>\n
The acquisition of Gotex follows the highly successful acquisition of GSD Corporate Ltd in May 2015 and also, more recently, Fast React Systems\u00a0in May 2016.\u00a0 These three deals show Coats\u2019 intent to grow via M&A in Speciality and Services, two areas of strategic priority.<\/p>\n
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