UXBRIDGE – Industrial thread supplier Coats has signed a binding agreement to acquire the business and assets of high-performance yarn manufacturer Pharr HP. Coats believes the technical solutions of Pharr can bolster its product portfolio, particularly within the personal protection market.
“With Pharr HP we are acquiring deep expertise in technical yarn solutions helping us to create ever lighter, stronger and more comfortable yarns for the most extreme environments, protecting many of those who protect us,” said Coats chief executive Rajiv Sharma.
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