Over the past two months, Michelin has reached agreements to acquire Cooley Group, a specialist in industrial coated fabrics, and Tex Tech Industries, a leading manufacturer of speciality textiles and fabrics.

These two companies represent strong strategic fits with the Clermont-Ferrand, France-headquartered Michelin Group, which has pioneered engineered materials for more than 130 years, drawing on a deep know-how in polymer composites.

In addition to its well-known tyres, the group manufactures  components for critical applications in demanding fields as varied as mobility, construction, aeronautics, low-carbon energies and healthcare. With 129,800 employees worldwide, Michelin is active in 175 countries.

Celebrating its 100th Anniversary in 2026 and headquartered in Rhode Island, Cooley is globally recognised for its expertise in high performance polymer coated fabrics and is vertically integrated, with capabilities in weaving, knitting, and polymer extrusion. Cooley designs and manufactures polymeric solutions for a wide range of applications including healthcare devices, waterproofing, water and chemical containment, and other custom mission-critical environmental solutions.

Founded in 1904, Tex Tech Industries, headquartared in Kernersville, North Carolina, is a designer and manufacturer of speciality textiles, fabrics and coatings for a wide range of industries and niche applications. The company has created solutions for some of the most demanding applications including thermal protection systems for space vehicles, fuselage burn-resistant aircraft materials, aircraft seat fire-blocking textiles and custom fabrics for composite applications.

Michelin is already a leader in coated fabrics in Europe with brands such as Orca and these two acquisitions will substantially accelerate its expansion into new markets and regions and increase Michelin’s Polymer Composite Solutions business revenue by around 20% to roughly $280 million.

Both transactions are expected to close during the first half of 2026, subject to customary closing adjustments and merger control clearances. They will be paid for in cash for undisclosed amounts at this stage.

www.michelin.com