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
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