MCADENVILLE, NC — November 26, 2019 — Pharr, a diversified provider of differentiated textile products and assorted real estate businesses, has reached agreements with Coats Group plc (Coats) to purchase Pharr High Performance, yarn supplier for the protective apparel industry; and Mannington Mills (Mannington) to purchase Pharr Fibers & Yarns and Phenix Flooring, suppliers of yarns, residential carpet and specialty flooring products.

The acquisitions are expected to close in early 2020.

“Throughout its 80-year history, Pharr’s spirit of innovation and willingness to adapt to change have allowed the company to evolve and succeed,” said Bill Carstarphen, Pharr president and chief executive officer. “These transactions reflect the next step in that evolution and will deliver great benefit to our customers, associates and communities.  We know each of these groups will benefit tremendously from both Coats and Mannington and expect these transactions will result in a broad range of future opportunities and growth for our associates.” Read More