Cirql news and archive

Coats Group acquires OrthoLite for 770 million dollars

British manufacturing firm Coats Group has entered an agreement to acquire OrthoLite Holdings LLC for 770 million dollars. The deal intends to create “a ‘super tier 2’ supplier for footwear components”, while helping Coats expand into the “high growth insole segment”. The transaction, which is expected to close in Q4 2025, was funded through a...

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Fashion

Cirql launches compostable, biodegradable innovation for footwear brands

Vietnam-based innovation company Cirql, a subsidiary of OrthoLite, focused on developing scalable, less impactful, finished midsole components and material solutions for footwear brands, has unveiled a new industrially compostable, biodegradable foam innovation. ‘Cirql Zero’ debuted at ISPO Munich and aims to offer footwear brands a...