The acquisition of Pharr High Performance Yarns (Pharr HP) was completed in February 2020 after Coats signed a binding agreement in November 2019 to acquire its business and assets.
Pharr HP is a market leading manufacturer of high-performance engineered yarns which specialises in providing technical yarn solutions to the growing markets of Industrial Thermal Protection, Defence and Fire Service industries.
The acquisition of Pharr HP’s manufacturing capabilities and customer base provides further expertise and scale to our existing Personal Protection business (part of the Performance Materials segment). We 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.