STOCK WATCH

COATS Group is an industrial thread manufacturer and is a leader in the US textile crafts market, making yarns and threads for knitting and sewing.

The group announced the acquisitions of Gotex, a Barcelona-based business which makes high-tech industrial yarns and taps used to insulate cables and pipes.

It also acquired Fast React, a UK firm based in Derby which provides software solutions to clothing and footwear manufacturers and retailers. The acquisitions were for £19.4m and £6.2m respectively.