Fri, 20 Feb 2015 | BUSINESS SALE
The UK operation of a historic craft products supplier has been purchased by a European investor.
Coats Crafts has its UK headquarters in Holmfirth, West Yorkshire. European investor Aurelius Group has agreed a deal for the EMEA Crafts business of the wider Coats plc, which includes their German headquarters and a production site in Hungary, as well as the UK site.
Coats Crafts has been supplying crafting products for 250 years, and is the world's largest supplier of such items. The Coats plc business is owned by Guinness Peat.
Group chief executive of Coats plc Paul Forman said: “The agreement to sell EMEA Crafts follows a comprehensive review of the business, including its strategic fit within Coats.
“The decision to sell EMEA Crafts better positions Coats for future profitable growth and allows us to focus management attention on our high performing global Industrial and strong Americas Crafts businesses.”
The sale is expected to be completed in the second quarter of the year, subject to a number of conditions. Once completed, the new owners will gain ownership of Coats EMEA Crafts brands including Schachenmayr, Rowan Yarns, Patons, Corona, Regia, Milward, Puppets, Self Casa, Tre Cerchi and Royal Paris.
______________________________________________________________________
Related information:
Negotiating techniques when buying a business
An established, award-winning care home with nursing, that is located in a popular East Midlands town and has come to market for the first time so that our client can retire.
For sale a lucrative portfolio of residential care homes conveniently clustered in the Northwest of England, offering residential and dementia care.
A profitable care home with nursing located in an East Midlands town. Well-presented and extended accommodation with 57% of the ground floor bedrooms being ensuite.
03
|
May
|
Three Aberdeen legal firms merge to form all-service provider | MERGER
Three prominent Aberdeen legal businesses have merged to for...
03
|
May
|
BGF-backed asbestos services firm makes third acquisition | BUSINESS SALE
Environmental Essentials, a specialist asbestos services fir...
03
|
May
|
Logistics firm acquires pair of Derbyshire businesses | BUSINESS SALE
A logistics firm headquartered in Preston has acquired a pai...
08
|
Jul
|
Cosmetic surgery company bought out of administration | ADMINISTRATION
Cosmetic surgery company Transform Medical Group has been bo...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.