Coats Group plc, the world’s leading industrial thread and consumer textile crafts business, and GSD are pleased to announce that, following the strategic alliance announced in May 2014, Coats has acquired 100% of GSD Corporate Ltd, which becomes a Coats Group company.
GSD, a UK based company, supplies expert management solutions that analyse time, cost and production capability in the sewn products sector with the focus on maximising productivity and controlling costs. GSD will become part of Coats Global Services, which was launched in 2013 in response to customer demands to help them realise productivity and supply chain improvements, develop technical skills and enhance corporate responsibility.
Paul Forman, Chief Executive, Coats Group plc, said: ‘We are delighted that GSD will be joining Coats Group. GSD is a world leader in its field, with a comprehensive offering that meets both cost efficiency and social compliance needs at a time when we are seeing growth in demand in these areas. Coats is also a recognised industry leader, with longstanding expertise and deep industry relationships. Both companies, and more importantly our customers, will benefit from the combination and wider availability of these value adding services.’
Paul Timson, Managing Director, GSD (Corporate) Ltd, said: ‘This is a great opportunity for GSD and for our customers. We are delighted to be joining Coats following the success of our strategic alliance over the last 12 months. The combination of GSD’s specialist technical knowledge, data integrity and industry experience married to the global reach, customer and brand relationships, industry stature and consulting expertise of Coats, will provide a transformative and exciting offering.’
Coats Global Services and GSD will work together to deliver management solutions to maximise productivity and drive down costs in the sewn products manufacturing sector, with GSD providing time-cost benchmarking and Coats offering consulting and technical production expertise, for retailers, brands and their supply chain vendors.
GSD will enhance Coats Global Services’ end to end Operational Excellence offering, which provides practical, industry-specific technical services, training, technology solutions, quality assurance and compliance, while GSD will have access to Coats’ global reach and resources.