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News  ›  GlobeNewswire Inc.

Michelin annonce deux projets d’acquisition, visant à renforcer son activité Polymer Composite Solutions

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Michelin
Michelin annonce deux projets d’acquisition, visant à renforcer son activité Polymer Composite Solutions

Michelin announced the acquisition of Cooley Group and Tex Tech Industries to expand its Polymer Composite Solutions business. These two leaders in coated fabrics and technical textiles markets will increase the segment's revenue by approximately 20% (~$280 million). The transactions, fully financed by available cash, are expected to close in the first half of 2026 and will become a dedicated reporting segment starting 2026.

Insights
MGDDY   positive

The company is executing strategic acquisitions to strengthen its high-value-added business segment, achieving ~20% revenue growth in Polymer Composite Solutions. The acquisitions are complementary, fully financed without debt, and demonstrate confidence in the company's strategic direction and financial strength.