Coats Group, a supplier of components to the apparel and footwear industries, has completed its acquisition of OrthoLite, the footwear materials specialist and insole brand.
The acquisition, first announced on July 16, 2025, aligns with Coats’ long-term growth strategy. It strengthens its existing footwear division by expanding into the premium insole segment.
A release from Coats added that the two companies share a similar customer base, a complementary international footprint, and a commitment to innovation and sustainability. The initial enterprise value for OrthoLite and its sustainable materials brand, Cirql, was US$770 million.
David Paja, Coats Group Chief Executive Officer, said “OrthoLite is one of the world’s most innovative manufacturers in footwear materials. With our combined capabilities, we’ll now be able to offer our customers more future-focused solutions for more of the shoe – without compromising on the trusted quality both companies stand for.”
Glenn Barrett, Founder and Chief Executive Officer of OrthoLite, said “I’m confident this move will bring even more value and opportunity for our customers and our people, while still delivering the great partnership and collaboration we’ve taken pride in over the years.”
To reflect its increased scale and expanded footwear capabilities, Coats will move from a three-division structure (Apparel, Footwear, and Performance Materials) to a simplified two-division structure: Apparel and Footwear. The existing Performance Materials businesses will be folded into these two new divisions.
The new structure will be led by Pasquale Abruzzese, Footwear Chief Executive Officer and Group Chief Operating Officer, and Adrian Elliott, Apparel Chief Executive Officer and Group Chief Commercial Officer. External reporting will transition to this structure for the financial year ending December 2026.
www.coats.com
www.ortholite.com
