# Michelin to acquire Cooley Group and Tex Tech Industries

Michelin has reached agreements to acquire Cooley Group, a specialist in industrial coated fabrics, and Tex Tech Industries, a designer of specialty textiles and fabrics. The deals are fully financed in cash, with closings expected in H1 2026.

- Type: Acquisition
- Announced: 2026-01-02
- Where: Rhode Island, Maine, United States
- Status: announced
- Products: polymer coated fabrics, specialty textiles, coatings
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Michelin](https://endata.com/companies/13430.md) (acquirer)
- [Flexitallic](https://endata.com/companies/14223.md) (target)
- [Tex Tech Industries](https://endata.com/companies/26631.md) (target)
- [Cooley Group](https://endata.com/companies/89428.md) (target)

## Sources

- [michelin.com](https://www.michelin.com/en/publications/group/michelin-announces-two-projects-of-acquisition-polymer-composite), 2026-01-02: "Michelin has reached agreements to acquire Cooley Group, a specialist in industrial coated fabrics, and Tex Tech Industries, a premier designer and manufacturer of specialty textiles and fabrics."
- [adsalecprj.com](https://www.adsalecprj.com/en/news/article_details/84241.html), 2026-01-08: "Michelin has announced two projects of acquisition of Cooley Group and Tex Tech Industries, both market leaders in coated fabrics and specialty textiles."
- [news.michelin.de](https://news.michelin.de/articles/auf-akquisekurs-bei-verbundwerkstoffen-michelin-st%C3%A4rkt-gesch%C3%A4ftsbereich-polymer-composite-solutions-mit-zwei-%C3%BCbernahmen), 2026-01-12: "Mit zwei weiteren Akquisitionen bei Verbundwerkstoffen will Michelin seinen Geschäftsbereich Polymer Composite Solutions weiter stärken"
- [specialtyfabricsreview.com](https://specialtyfabricsreview.com/2026/01/13/tex-tech/), 2026-01-13: "Both transactions are expected to close during the first half of 2026, subject to customary closing adjustments and merger control clearances in their relevant jurisdictions."
- [michelin.com](https://www.michelin.com/en/publications/group/michelin-to-acquire-flexitallic-accelerating-growth-in-polymer-composite-solutions), 2026-02-03: "Flexitallic represents a strong strategic fit, as both parties share the same commitment to innovation and high-quality products."
- [flexitallic.com](https://flexitallic.com/michelin-to-acquire-flexitallic-accelerating-growth-in-polymer-composite-solutions/), 2026-02-04: "Michelin today announced that it has entered into an agreement to acquire Flexitallic, a global leader in engineered sealing solutions."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.