Coats Group Makes a Bold Move
In a significant development in the footwear industry, Coats Group has announced its acquisition of OrthoLite for a staggering 770 million dollars. This strategic purchase not only enhances Coats Group’s portfolio but also positions it as a major player in the insole market.
This acquisition mirrors Coats Group’s commitment to innovation and growth within the footwear sector. By integrating OrthoLite’s cutting-edge insole technology, Coats Group aims to enhance its product offerings and meet the evolving demands of consumers. This move is expected to significantly boost their market presence and drive future growth.
