Texon

Established in 1947, Texon provides high-quality structural components to the global footwear market and has a long heritage as a proven partner to the world’s leading brands.

The business is focused on sustainable innovation and supplies high-performance sustainable structural solutions to the premium athleisure footwear market. Texon is a global business headquartered in Hong Kong, with factories in the UK, Germany, Italy, China, and Vietnam and a local presence in more than 90 countries.

SECTOR

Footwear Components

HEADQUARTERS

Hong Kong

INVESTMENT DATE

April 2016

NAVIS OWNERSHIP

85%

EXIT DATE

2022

Investment Rationale

*01.

Global Leader in Footwear Components

A market leader in footwear structural components with a growing portfolio of products for consumer applications, particularly as sustainable leather alternatives.

*02.

Premium Market Growth

Rising consumer demand for high-quality, innovative products is driving growth in the premium market segment.

*03.

Focus on Sustainability

Texon’s commitment to sustainability aligns with global brand priorities, as consumers increasingly value eco-friendly solutions.

*04.

Supplier Consolidation Advantage

With global brands consolidating their supplier bases, Texon stands to benefit as the industry’s leading provider.

*05.

Consistent Quality and Expertise

Texon’s expertise and global reach make it one of the few suppliers capable of delivering reliable, high-quality products to customers worldwide.

Navis Value Impact

“ZeroFootprint” Sustainability Initiative

The ZeroFootprint initiative includes ambitious 2025 reduction targets across Texon’s operations, such as 50% reduction in CO2 Footprint, 50% reduction in use of virgin materials, 20% reduction in water usage and 90% of waste being recyclable or reusable. Navis ensured that the ZeroFootprint Initiative was in the forefront of senior management and that industry - leading ESG practices were woven into the very fabric of the Company

Sustainable Product Innovation

Developed new products using recycled and renewable content, expanded the use of bio-derived materials, and powered facilities with renewable energy.

Revamped Key Account Management

Redesigned the Key Account Management approach to enhance client relationships and drive stronger business outcomes.

Expansion into Technical Fabrics

Entered the technical fabrics market through a strategic bolt-on acquisition, diversifying Texon’s product offerings.

Vietnam Production Footprint Expansion

Expanded manufacturing operations into Vietnam to increase production capacity and better serve global markets.

Leadership Team Rejuvenation

Revitalized the leadership team, positioning Texon for its next growth phase with a strong emphasis on sustainability and innovation.

Exit and Looking ahead

“We are very pleased to be joining Coats. We thank Navis for their support and strategic guidance of the business over the recent years. We believe the last six years with Navis has created a strong platform to continue driving sustainability and innovation. We believe Coats provides a global platform to support the business and further accelerate our growth.”

Jelle Tolsma, Former CEO, Texon in 2022