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News  ›  GlobeNewswire Inc.

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

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Michelin
Michelin announces two acquisition projects, aiming at reinforcing its Polymer Composite Solutions business

Michelin announced the acquisition of Cooley Group and Tex Tech Industries to strengthen its Polymer Composite Solutions business. The two deals are expected to boost revenue by approximately 20% (~$280 million USD) and close in H1 2026. Michelin plans to create a dedicated reporting segment for Polymer Composite Solutions starting in 2026.

Insights
MGDDY   positive

Michelin is executing strategic acquisitions to expand into high-value markets with ~20% revenue boost for its Polymer Composite Solutions segment. The deals strengthen market position in coated fabrics and specialty textiles, align with the 'Michelin in Motion 2030' strategy, and are fully financed without impacting financial strength.