Pharr sells to Coats, Mannington

Pharr, a diversified provider of differentiated textile products and assorted real estate businesses, has reached agreements with Coats Group to purchase Pharr High Performance and Mannington Mills to purchase Pharr Fibers & Yarns and Phenix Flooring, a recent news release said.

Pharr High Performance manufactures yarns primarily for the protective apparel industry, providing technical yarn solutions to the military, fire service and industrial thermal protection industries; Pharr Fibers & Yarns manufactures yarns and fibers for the carpet industry; and Phenix Flooring manufactures and sells residential carpet and also sells commercial vinyl tile, carpet tiles and broadloom.

The news release stated that both companies plan to retain Pharr’s workforce and continue operations at its manufacturing facilities in McAdenville, North Carolina, and Dalton, Georgia.

The acquisitions are expected to close in early 2020. Founded in 1939, Pharr is a privately owned company with 1,200 employees.