London-headquartered Coats Group has completed its acquisition of OrthoLite, the number one brand in premium insoles headquartered in Amherst, Massachusetts.

The acquisition marks a major milestone in the long-term growth plans for Coats and strengthens its existing Footwear division through expansion. Both companies already have a similar customer base. 

“OrthoLite is one of the world’s most innovative manufacturers in footwear materials,” said Coats CEO David Paja. “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.”

Coats first announced its intention to purchase OrthoLite, and its sustainable materials brand, Cirql, in July, for an initial enterprise value of $770 million

To better reflect its increased scale and expanded footwear capabilities, Coats will also move from a three-division organisational structure of Apparel, Footwear and Performance Materials to a simplified two‑division structure focused on Apparel and Footwear. Existing Performance Materials businesses will be folded into the two new divisions.

With over 250 years of industry expertise, Coats is an FTSE 250 company, with 16,000 employees worldwide and generated $1.5 billion in revenue in 2024.

www.coats.com