Purchase & Subsequent Sale By Coats
In 1973 the entire share capital was purchased by Coats Patons Ltd, now known as Coats PLC. Needle Industries continued until the 1990s when Coats sold it to its management. Coats retained the Milwards brand name for its own use.
Following the management buyout of Needle Industries, led by Victor Barley, a new company was registered in 1991 called ENTACO, (an acronym of English Needle & Tackle Company) in the old Victoria Works, adjacent to Needle Industries. Mr Barley was Managing Director of Entaco from 1991-1997.
Entaco were involved in a cartel with Prym and Coats at the later end of the 20th century.
Henry Milward and Sons and its employees boast over a quarter of a millennium making needles.
Read more about this topic: Henry Milward & Sons
Famous quotes containing the words purchase, subsequent, sale and/or coats:
“O, let us have him, for his silver hairs
Will purchase us a good opinion,
And buy men’s voices to commend our deeds.”
—William Shakespeare (1564–1616)
“And he smiled a kind of sickly smile, and curled up on the floor, And the subsequent proceedings interested him no more.”
—Francis Bret Harte (1836–1902)
“I keep thinking that what I need
to do is buy my leg back.
Surely it is for sale somewhere,
poor broken tool, poor ornament.
It might be in a store somewhere beside a lady’s scarf.”
—Anne Sexton (1928–1974)
“creamy iridescent coats of mail,
with small iridescent flies crawling on them.”
—Elizabeth Bishop (1911–1979)