Coats Group plc, the world’s leading manufacturer of threads and structural components for apparel and footwear, has signed a definitive agreement to acquire OrthoLite Holdings LLC, the global market leader in premium insole technology. This strategic acquisition marks a major milestone in Coats’ vision to become a super Tier 2 supplier to the global footwear industry.
The addition of OrthoLite represents a powerful, strategic fit for Coats—enhancing its product offering, market reach, and commitment to sustainable innovation. OrthoLite’s advanced insole solutions, trusted customer relationships, and global operational footprint align strongly with Coats’ existing capabilities and growth ambitions in the footwear sector.
“The combination of Coats and OrthoLite is fantastic news for both companies and the wider footwear industry,” said David Paja, Chief Executive Officer, Coats Group. “It brings together two global leaders with a shared commitment to innovation, sustainability, and customer excellence. We are excited to welcome Glenn Barrett and the OrthoLite team as we reshape the future of footwear components together.”
OrthoLite is recognized globally for its pioneering work in open-cell foam insole technology, delivering superior comfort, performance, and sustainability. The acquisition also includes Cirql—OrthoLite’s newly launched biodegradable and fully recyclable foam midsole technology—offering transformative potential in eco-conscious footwear design.
Glenn Barrett, Founder and CEO of OrthoLite, commented: “I’m thrilled to partner with Coats Group. This merger creates a powerful alliance of like-minded industry leaders, empowering OrthoLite and Cirql to continue delivering the most sustainable and innovative footwear components to our global customer base.”
The acquisition significantly enhances Coats’ sustainability-driven portfolio, reinforcing its leadership position in the global footwear supply chain and delivering greater value to major footwear brands around the world.
