EMBARGO 6 May 2014 1200 BST: 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. Coats and GSD announce strategic alliance 2.
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.
About Coats Global Services:
Coats Global Services was launched in response to customer demands to help industry partners realise productivity and supply chain gains, develop technical skills, and enhance corporate responsibility across manufacturing and colour management. GSD, with its powerful software solutions and loyal customers worldwide, will enhance Coats Global Services’ end to end Operational Excellence offering which provides practical, industry specific technical services, technology solutions, innovative tools and training.
About GSD (Corporate) Ltd:
GSD is a UK company based in Preston, traditionally the heartland of the UK garment and textile industry. Since 1976 it has been, and continues to be, a global market leader, supplying methods analysis and productivity improvement solutions to the sewn products sector. As the globally accepted Predetermined Times System for the sewn products sector, GSD is referenced by the International Labour Organisation as an industry standard. It is active in more than 68 countries and has more than 5,000 customers worldwide. There are also more than 12,000 formally licensed ‘GSD Practitioners’ in the world today. Revenues in 2014 were approximately £1.5m.
To find out more about GSD visit www.gsdhq.com