Coats Group inked a definitive agreement to acquire Texon, the supplier of footwear components and materials to Nike, Adidas, and others, for an enterprise value of $237 million and a total net cash consideration of $211 million, after deductions and adjustments. The acquisition is expected to be earnings accretive in the first year and will be funded initially through a bridge financing facility, keeping net leverage within the group’s slated target of 1.0x to 2.0x. Coats shed some ... Log in to view full article.