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Evening Standard

Anna Wise

Coats to buy US insole maker for brands including Adidas and Asics for £573m

Coats Adidas ASICs United States

Coats has agreed to buy OrthoLite to expand into the premium insole market (Alamy/PA) -

London-listed footwear manufacturer Coats has agreed to buy a US company that makes premium shoe insoles for 770 million US dollars (£573 million).

The company said acquiring OrthoLite means it is bringing together two “global leaders” in the industry.

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