Coats Group finalises $770m acquisition of OrthoLite in footwear sector push
The company first announced plans to acquire OrthoLite and the associated sustainable materials brand Cirql on 16 July 2025, with an initial enterprise value for the transaction set at $770m. The move signals Coats’ focus on strengthening its footwear division by expanding into the premium insole segment. OrthoLite, headquartered in Amherst, Massachusetts, supplies open-cell foam … Read more