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Navis to sell Texon to Coats Group
July 7th, 2022
Navis Capital Partners (“Navis”), has agreed to sell its stake in Torque Group International Fortune (“Texon”) to Coats Group plc (“Coats”), the thread manufacturer, for US$237m. Texon is a leading manufacturer of high performance, sustainable materials for footwear, accessories, and functional apparel.Rodney Muse, Managing Partner, Navis Capital, notes, “When we invested in Texon in 2016, […]