Pharr HP
In November 2019, Coats, the world’s leading industrial thread company, has signed a binding agreement to acquire the business and assets of Pharr HP, a market leading manufacturer of high-performance engineered yarns based in McAdenville, North Carolina, US.
Pharr HP specializes in providing technical yarn solutions to the growing markets of Industrial Thermal Protection, Defense and Fire Service industries. The acquisition of Pharr HP’s manufacturing capabilities and customer base provides further expertise and scale to Coats’ eexisting Personal Protection business (part of the Performance Materials segment). Coats will enhance Pharr HP’s performance by leveraging its extensive textile experience, strong industry connections, existing operational footprint in North America, and strong brand to deliver high performance solutions for its customers.
Founded in 1939, Pharr HP has around 350 employees. In its latest financial year, annual sales were c.$110m. The acquisition is subject to certain regulatory approvals and is expected to complete in early 2020.
