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)
“Children of the same family, the same blood, with the same first associations and habits, have some means of enjoyment in their power, which no subsequent connections can supply; and it must be by a long and unnatural estrangement, by a divorce which no subsequent connection can justify, if such precious remains of the earliest attachments are ever entirely outlived.”
—Jane Austen (1775–1817)
“[T]he dignity of parliament it seems can brook no opposition to it’s power. Strange that a set of men who have made sale of their virtue to the minister should yet talk of retaining dignity!”
—Thomas Jefferson (1743–1826)
“Over hill, over dale,
Thorough bush, thorough brier,
Over park, over pale,
Thorough flood, thorough fire:
I do wander everywhere,
Swifter than the moones sphere;
And I serve the fairy queen,
To dew her orbs upon the green.
The cowslips tall her pensioners be;
In their gold coats spots you see;
Those be rubies, fairy favours,
In those freckles live their savours.”
—William Shakespeare (1564–1616)