All Texon articles
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ArticleCoats sees recovery in footwear as customer destocking winds down
Coats expects modest revenue growth in 2024 as its markets started to recover in the second half of last year, helping it to deliver higher 2023 profits. The British group, which makes threads and components for the footwear and clothing industries, said destocking of inventories by footwear customers had lagged ...
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ArticleCoats’ sales are hit by destocking
In the first four months of 2023, Coats suffered a 20 percent year-over-year decline in revenues, organically and at constant currency rates, largely due to continued widespread industry destocking affecting its Apparel and Footwear divisions. On a reported basis, group revenues were down by 12 percent. Organic revenues were down ...
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ArticleCoats’ Apparel & Footwear sales up organic 9% in 2022
In 2022, Coats’ revenues rose by a reported 9 percent to $1.548 billion. On a constant currency basis, the top line was 16 percent higher and organic growth reached 10 percent, ahead of a targeted medium-term growth of about 6 percent. The Apparel & Footwear (A&F) dvisision saw full-year organic ...
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Coats refinances debt from the Texon acquisition
Coats, the British industrial thread and footwear components manufacturer, said that it successfully completed a competitively priced $250 million issue of U.S. private placement (USPP) notes. The issuance, on investment grade terms and heavily oversubscribed, refinances the $240 million facility which funded the acquisition of Texon in July 2022, Coats ...
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ArticleCoats buys Renoflex and becomes a footwear component giant
Hot on the heels of the acquisition of Texon, a U.S. provider of footwear solutions, Coats announced the takeover of Rhenoflex, a German manufacturer of structural material solutions for the footwear industry. The back-to-back acquistions have turned the British industrial thread manufacturer into a significant supplier of components for the ...
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Coats completes the acquisition of Texon
On July 21, the British industrial thread manufacturer Coats announced that it had completed the acquisition of Texon, a U.S. footwear solutions provider. Coats bought Texon at an enterprise value of $237 million and a total net cash consideration of $211 million. The acquisition is based on an Ebitda multiple ...
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ArticleCoats takes over Texon as it expands into footwear
The British industrial thread manufacturer Coats is significantly increasing its presence in the footwear industry with the acquistion of Texon, a U.S. footwear solutions provider. Coats is buying Texon at an enterprise value of $237 million and a total net cash consideration of $211 million. The acquisition is based on ...
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ArticleTexon launches a more sustainable version of the Reform heel-counter
Texon has launched a new version of its Reform heel-counter which it claims contains up to 66 percent of sustainably sourced content while “offering the same physical traits as its predecessor.” The new Texon Reform 2.0 contains more recycled content from post-consumer waste, such as ocean-bound plastic bottles, according to ...
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Texon to focus on ProWeave at Lineapelle
Texon will focus on its recently launched ProWeave jacquard weaving technology at the forthcoming Lineapelle and A+A trade shows. At Lineapelle, being held from Sept. 22 to 24, just after the Micam trade show, in Milan, the company will also display Ecoline insoles; BioForm heel counters, and Sportflex Eco ...
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ArticleTexon presents “ground-breaking” ProWeave technology
Texon presented ProWeave , a “ground-breaking” jacquard weaving technology which it claims makes it possible to seamlessly integrate functional and design weaving into a single sheet of material. It commented that ProWeave opens up “infinite new design possibilities” by enabling the production of continuous woven substrates with the ...
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Texon appoints a new sales director
Texon , the producer of materials for the footwear industry, has appointed Bryan Whitfield as group sales director, replacing Matt Smith , who left the company after almost a decade of “successful service.” Whitfield was previously involved in sales and business development with major international companies such as Avery ...
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ArticleFootwear companies take sustainability in their stride
Hardly a day goes by without a footwear company or a component supplier announcing a more sustainable product, a recycling program or an environmentally-friendly scheme. Such a flurry of initiatives is motivated by growing consumer and regulatory pressure as well as greater corporate consciousness. Nevertheless, the shift to more sustainable ...
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ArticleTexon unveils new 100% recyclable insole tech
Texon , the producer of materials for the footwear industry, has unveiled a new insole technology that is based on 85 percent recycled polyester (rPET) and is 100 percent recyclable. Texon Ecoline is produced with a special fusion-bonded process that enhances the internal bond structure of the material’s ...
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Texon seeking "zerofootprint"
Texon , the producer of materials for the footwear industry, is seeking to achieve what it calls a “zerofootprint” by 2025. It is pledging over the next five years to reduce its carbon footprint and use of virgin raw materials – particularly cellulose – by 50 percent, to increase the ...
