Michelin completes acquisition of Tex Tech Industries

  • Michelin completed its acquisition of Tex Tech Industries, closing a deal first announced on Jan. 2, 2026.
  • The purchase expands Michelin’s Polymer Composite Solutions business, adding a maker of specialized textiles and coated fabrics.
  • Tex Tech reported 2025 revenue of USD 128 million; it employs 300 people and operates six plants in the US and UK.
  • Michelin funded the acquisition with available cash, citing a plan to maintain its financial position.
  • The deal marks Michelin’s third Polymer Composite Solutions acquisition in 2026, following Cooley in January and Flexitallic in April.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Compagnie Générale des établissements Michelin SA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607011145OMX_____CNEWS_EN_GNW1001210691_en) on July 01, 2026, and is solely responsible for the information contained therein.

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.