Wilkie acquires US textile producer

Peter A Walker

12 June 2024 at 3:52 am·1-min read

Technical textiles business Wilkie has acquired Bradford Coatings, based in Lowell, Massachusetts.

The deal marks the Kirriemuir-based group's expansion into North America.

Wilkie was advised by BDO, while Boston-based lawyers Nutter provided legal advice and Avidia Bank in Massachusetts helped fund the purchase.

The Lowell facility features a five-station coating line with flip station and one-side lamination. The business has 25 employees and should add around $8m to Wilkie’s revenue.

The site will continue to specialise in airbag coating, cast polymer films, parachute and sports equipment coating, military tents and advanced coatings for various industrial applications.

Wilkie will merge its existing commercial operation into the Lowell facility, adding a further $5m of revenue to the site.

Hamish Rowan, chief executive at Wilkie, said: “Our ambitious plans for the Lowell site include substantial investment in research and development, further expanding our technical coating capabilities, and driving growth over the next decade.

“We are enthusiastic about the opportunities this acquisition presents, particularly in military, commercial and technical coated fabrics markets and we foresee significant potential for added value within the group, such as Wilkie supplying the woven fabrics to be coated and resold by Wilkie America.

“This acquisition aligns with Scotland’s strategic plan and also promises to inject new life into an already remarkable Lowell based business, paving the way for a prosperous future for Wilkie.”

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