Michelin is set to accelerate the growth of its Polymer Composite Solutions business with the planned acquisitions of Cooley Group, a specialist in industrial coated fabrics, and Tex Tech Industries, a leading designer and manufacturer of specialty textiles and fabrics. Both transactions are fully financed in cash, with closings expected in the first half of 2026. The acquisitions are projected to boost revenue for Michelin’s Polymer Composite Solutions portfolio by around 20%, and the business will become a dedicated reporting segment from 2026. These moves align with Michelin’s "Michelin in Motion 2030" strategy, expanding into new high value-added markets and reinforcing the company’s commitment to innovation and high-quality products.

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 on January 02, 2026, and is solely responsible for the information contained therein.