Coats wins in Transaction Of The Year category at plc awards 2022
- 17 Mar 2023
Coats Group plc, the world’s leading manufacturer in thread and structural components for apparel and footwear, as well as an innovative pioneer in performance materials, is pleased to announce that it has won for the first time at the plc awards in The Transaction Of The Year category.
The plc awards, which date back to 1987, celebrate the UK’s best-performing firms listed on the London Stock Exchange, recognising companies listed on the Main Market for their successes and achievements. The Transaction Of The Year Award recognises excellence in a significant financial or commercial transaction during the period under review.
Coats was shortlisted in a total of four award categories, the maximum number of nominations this year, including The Best Investor Communication Award, The Transaction Of The Year Award, The Transformation Of The Year Award and The Breakthrough Of The Year Award. All categories have an ESG criteria and the voting panel judges included investors and advisors.
In 2022, Coats announced the acquisition of footwear solutions provider Texon and footwear reinforcement company Rhenoflex, becoming the global market leader in structural components for footwear. These acquisitions transformed Coats in terms of size and scale. Both companies are industry-leaders in sustainability and well-aligned and additive to Coats’ own ambitious sustainability agenda.
Rajiv Sharma, Group Chief Executive, said: "I am delighted that we have been awarded The Transaction Of The Year. It is a huge honour to be recognised amongst some of the thousands of top listed, high-profile companies. This is only possible through working alongside such a talented and dedicated group of people. I am immensely proud of what we have achieved, and I look forward to even greater success in 2023 and beyond."
Notes to Editors
About Coats Group plc
Coats is a world leader in thread manufacturing and structural components for apparel and footwear, as well as an innovative pioneer in performance materials. These critical solutions are used to create a wide range of products, including ones that provide safety and protection for people, data, and the environment. Headquartered in the UK, Coats is a FTSE250 company and a FTSE4Good Index constituent. Revenues in 2022 were $1.6bn.
Trusted by the world's leading companies to deliver vital, innovative, and sustainable solutions, Coats provides value-adding products including apparel, accessory and footwear threads, structural components for footwear and accessories, fabrics, yarns, and software applications. Customer partners include companies from the apparel, footwear, automotive, telecoms, personal protection, and outdoor goods industries.
With a proud heritage dating back more than 250 years and spirit of evolution to constantly stay ahead of changing market needs, Coats has operations across some 50 countries with a workforce of over 17,000, serving its customers worldwide.
Coats connects talent, textiles, and technology, to make a better and more sustainable world. Worldwide, there are three dedicated Coats Innovation Hubs, where experts collaborate with partners to create the materials and products of tomorrow. It participates in the UN Global Compact and is committed to Science Based sustainability targets for 2030 and beyond, with a goal of achieving net-zero by 2050. Coats is also committed to achieving its goals in Diversity, Equity & Inclusion, workplace health & safety, employee & community wellbeing, and supplier social performance.