Company type | Public limited company |
---|---|
Industry | Consumer and intermediate goods |
Founded | 1755 |
Headquarters | London, England, UK |
Key people | David Gosnell [1] Chairman Rajiv Sharma, CEO Jackie Callaway, CFO |
Products | Textile related |
Revenue | US$1,394.2 million (2023) [2] |
US$233.4 million (2023) [2] | |
US$74.1 million (2023) [2] | |
Website | www |
Coats Group plc is a British multinational company. It is the world's largest thread and structural components' manufacturer for apparel, footwear, and performance materials. Founded over 250 years ago, the UK-based company has operations across 50 countries with a workforce of over 17,000 employees.
The company provides products, including apparel, accessory and footwear threads, structural components for footwear and accessories, fabrics, yarns, and software applications.
Coats is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index and FTSE4Good Index. Revenues in 2022 were $1.6bn.
Paisley, Scotland became a hub for the textile industry in the United Kingdom. In 1755 James and Patrick Clark began a loom equipment and silk thread business. [3] In 1806 ,Patrick Clark invented a way of twisting cotton together to substitute for silk that was unavailable due to the French blockade of Great Britain. He opened the first plant for manufacturing the cotton thread in 1812. [3]
In 1802 James Coats set up his own weaving in Paisley. In 1826 he opened a cotton mill at Ferguslie to produce his own thread [4] and, when he retired in 1830, his sons, James & Peter, took up the business under the name of J. & P. Coats. [4]
In 1890 Coats listed on the London Stock Exchange, [4] with capital of £5.7 million. [4]
The firm expanded internationally, particularly to the United States. In 1869, J. & P. Coats signed a contract with the Conant Thread Company in Pawtucket, Rhode Island, which entitled them to use of the Conant company’s manufacturing facilities. [5] This move towards local production in the United States was primarily driven by high tariffs on imported goods, including thread. [5]
In 1893, J. & P. Coats absorbed the Conant Thread Company and assumed direct control over the Pawtucket plant, under the management of James Coats (1834–1913) and Alfred M. Coats (1869–1942). [5] In 1896 J. and P. Coats acquired controlling interests in the firms of Clark and Co, Jonas Brook and Brothers, and James Chadwick and Brother. [6] The Clark family had manufacturing sites in Newark, New Jersey, U.S. as the Clark Thread Co. since 1864. [3]
J & P Coats moved their base of operations to Delaware in 1951 and officially closed the plant in Pawtucket in November of 1964. [7]
In 1952 J. & P. Coats and the Clark Thread Co. merged to become Coats & Clark's. [8] In 1961 a merger with Patons and Baldwins created Coats Patons. [4] In 1986 a merger with Vantona Viyella created Coats Viyella. [9] In 2003 Guinness Peat took Coats private and in 2015 the business returned to the market as "Coats Group". [10]
Coats was fined €110 million by the European Commission in 2007 for participation in cartels with Prym, YKK, and other companies to fix and manipulate the prices of zips and other fasteners, and of the machinery to make them. One of the cartels ran for twenty-one years. An appeal in 2012 to the General Court of the European Union was dismissed, and the fine upheld. [11] [12]
The company acquired the footwear components business, Texon, in July 2022, [13] and the footwear reinforcement components business, Rhenoflex, in August 2022. [14]
Kimberly-Clark Corporation is an American multinational personal care corporation that produces mostly paper-based consumer products. The company manufactures sanitary paper products and surgical & medical instruments. Kimberly-Clark brand name products include Kleenex facial tissue, Kotex feminine hygiene products, Cottonelle, Scott and Andrex toilet paper, Wypall utility wipes, KimWipes scientific cleaning wipes and Huggies disposable diapers and baby wipes.
The YKK Group is a Japanese group of manufacturing companies. They are the world's largest zipper manufacturer, also producing other fastening products, architectural products, plastic hardware and industrial machinery.
Paisley is a large town situated in the west central Lowlands of Scotland. Located north of the Gleniffer Braes, the town borders the city of Glasgow to the east, and straddles the banks of the White Cart Water, a tributary of the River Clyde.
Samuel Slater was an early English-American industrialist known as the "Father of the American Industrial Revolution", a phrase coined by Andrew Jackson, and the "Father of the American Factory System". In the United Kingdom, he was called "Slater the Traitor" and "Sam the Slate" because he brought British textile technology to the United States, modifying it for American use. He memorized the textile factory machinery designs as an apprentice to a pioneer in the British industry before migrating to the U.S. at the age of 21.
Textile manufacture during the British Industrial Revolution was centred in south Lancashire and the towns on both sides of the Pennines in the United Kingdom. The main drivers of the Industrial Revolution were textile manufacturing, iron founding, steam power, oil drilling, the discovery of electricity and its many industrial applications, the telegraph and many others. Railroads, steamboats, the telegraph and other innovations massively increased worker productivity and raised standards of living by greatly reducing time spent during travel, transportation and communications.
Cotton-spinning machinery is machines which process prepared cotton roving into workable yarn or thread. Such machinery can be dated back centuries. During the 18th and 19th centuries, as part of the Industrial Revolution cotton-spinning machinery was developed to bring mass production to the cotton industry. Cotton spinning machinery was installed in large factories, commonly known as cotton mills.
Hugh Auchincloss Brown was an electrical engineer who advanced a theory of catastrophic pole shift. Brown claimed that massive accumulation of ice at the poles caused recurring tipping of the axis in cycles of approximately 4000–7500 years. He argued that because the earth wobbles on the axis and the crust slides on the mantle, a shift was demonstrably imminent, and suggested the use of nuclear explosions to break up the ice to forestall catastrophe.
Rubery Owen is a British engineering company which was founded in 1884 in Darlaston, West Midlands.
Viyella is a blend of wool and cotton first woven in 1893 in England, and the "first branded fabric in the world". It was made of 55% merino wool and 45% cotton in a twill weave, developed by James and Robert Sissons of William Hollins & Co, spinners and hosiers. The brand name, first registered as a trademark in 1894, and registered in the United States in 1907, soon covered not only the original fabric, to be sold by the yard, but also clothing. At first this was made by separate businesses, but it was not long before Hollins started producing their own clothes and offering franchises to manufacturers who would use the Viyella label. Following increasing emphasis on garment manufacture over the years, Viyella is now a fashion brand for clothes and home furnishings made of a variety of fabrics. The original wool/cotton blend is no longer sold.
Coats is a surname of English origin.
British United Shoe Machinery (BUSM) Ltd. with head office in Belgrave, Leicester, England, was formed around the turn of the 20th century as a subsidiary of United Shoe Machinery Company of the US, becoming part of a group which for most of the 20th century was the world's largest manufacturer of footwear machinery and materials, exporting shoe machinery to more than 50 countries. After two takeovers and a BUSM-based management buyout the USM group became headquartered in Leicester until entering administration in 2000.
The Clark Thread Company Historic District, located at 900 Passaic Avenue, East Newark, Hudson County, New Jersey, United States, is a large mill complex. Begun in 1875, it was a major manufacturing site of the Clark Thread Company, the world's leading manufacturer of sewing thread, until 1935. The complex was designated a National Historic Landmark District in 1978 for this association. It now functions as an industrial park housing a diversity of businesses.
Fine Spinners and Doublers was a major cotton spinning business based in Manchester, England. At its peak it was a constituent of the FT 30 index of leading companies on the London Stock Exchange.
This is a list of the National Register of Historic Places listings in Providence County, Rhode Island.
The Conant Thread—Coats & Clark Mill Complex District is a historic district encompassing a large industrial complex which straddles the border between Pawtucket and Central Falls, Rhode Island.
Bagley & Wright was a spinning, doubling and weaving company based in Oldham, Lancashire, England. The business, which was active from 1867 until 1924, 'caught the wave' of the cotton-boom that existed following the end of the American Civil War in 1865 and experienced rapid growth in the United Kingdom and abroad.
David Wilkinson was a U.S. mechanical engineer who invented a lathe for cutting screw threads, which was extremely important in the development of the machine tool industry in the early 19th century.
Velcro IP Holdings LLC, doing business as Velcro Companies and commonly referred to as Velcro, is a British privately held company, founded by Swiss electrical engineer George de Mestral in the 1950s. It is the original manufacturer of hook-and-loop fasteners, which de Mestral invented.
Tootal is a brand name for a range of British ties, scarves and other garments. The brand is now owned by Coats Viyella. It originates from a textile spinning and manufacturing company established in Manchester in 1799, which later became Tootal Broadhurst Lee, and subsequently Tootal Ltd. The company held patents in crease-resistant fabric.
Alfred M. Coats (1869–1942) was a Scottish-American businessman who served as general manager of the J. & P. Coats plant in Pawtucket and as Rhode Island’s Federal Food Administrator during World War I.