Coats announces OrthoLite acquisition
17/07/2025
The company has signed a definitive agreement to acquire OrthoLite for an enterprise value of $770 million. The transaction is intended to expand Coats’ presence in the footwear components sector by combining two global players in adjacent segments of the market.
Chief executive officer David Paja said the acquisition “brings together two global leaders in adjacent segments of the footwear components market with a shared vision for innovation and sustainability.”
Glenn Barrett, founder and chief executive of OrthoLite, said the agreement “forms a powerful partnership of industry leaders to provide a platform for OrthoLite and Cirql to continue to serve our customers with the most innovative and sustainable footwear components in the world.”
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