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Sir Peter Coats of Auchendrane FRSE JP DL (18 July 1808 – 9 March 1890) was a Scottish thread manufacturer and philanthropist. He was co-founder of the firm J & P Coats, which later evolved into Coats Group .
In 1802 James Coats set up his own weaving in Paisley. In 1826 he opened a cotton mill at Ferguslie to produce his own thread [4] and, when he retired in 1830, his sons, James & Peter, took up the business under the name of J. & P. Coats. [4] In 1890 Coats listed on the London Stock Exchange, [4] with capital of £5.7 million. [4]
The grave of Thomas Coats, Woodside Cemetery, Paisley. Coats was born at Paisley 18 October 1809. He was the fourth of a family of ten sons. His father, James Coats, was one of the founders of the Coats Group of Paisley. In the hands of Thomas and his surviving brother, Sir Peter Coats, the Ferguslie Thread Works became substantial. [1]
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The Coats Baronetcy, of Auchendrane in the parish of Maybole in the County of Ayr, is a title in the Baronetage of the United Kingdom. [1] It was created on 7 December 1905 for James Coats, Director of J. and P. Coats Ltd, sewing cotton manufacturers. The second Baronet represented Wimbledon and East Surrey in the House of Commons as a ...