Michelin announces two acquisition projects, aiming at reinforcing its Polymer Composite Solutions business

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[{"type":"image","alt":"Michelin","displaySize":"","headline":null,"caption":"Michelin","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":80,"url":"https://media.zenfs.com/en/globenewswire.com/df0263fff2f0f934bc764715456ed488"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/YDhRFSzYlwCHGGQ74J_mKA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTExMjtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/df0263fff2f0f934bc764715456ed488","width":300,"height":80}},"lazy":false},{"type":"text","content":"                                                                            Clermont-Ferrand, January 2, 2026","length":384,"tagName":"p"},{"type":"text","content":"COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN","length":46,"tagName":"p"},{"type":"text","content":"Michelin announces two projects of acquisition, aiming at reinforcing its Polymer Composite Solutions business","length":111,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Michelin accelerates growth with the acquisitions of Cooley Group and Tex Tech Industries, both market leaders in coated fabrics and specialty textiles.","length":152,"tagName":"p"}]},{"val":[{"type":"text","content":"~20% revenue boost for the Polymer Composite Solutions businesses portfolio, soon to become a specific reporting segment in Group’s financial communication.","length":156,"tagName":"p"}]},{"val":[{"type":"text","content":"Deals fully financed in cash, financial strength intact; closings expected in H1 2026.","length":86,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":394,"olType":false},{"type":"text","content":"In line with its “Michelin in Motion 2030” strategy, the Group is leveraging its know-how and expertise to expand into new high value-added markets. Over the past two months, Michelin has reached agreements to acquire Cooley Group, a specialist in industrial coated fabrics, and Tex Tech Industries, a premier designer and manufacturer of specialty textiles and fabrics. These two companies represent strong strategic fits with the Group, as both share the same commitment to i...

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