Michelin to acquire Cooley Group and Tex Tech Industries

Michelin has announced the acquisition of Cooley Group and Tex Tech Industries, two US technical textile manufacturers. The deals are expected to close by mid-2026, with an estimated combined value of €460-645 million.

“Michelin is shifting from a tyre pure‑play to a diversified materials group, using US acquisitions to fast‑track that transition.”comriecommunitycentre.co.uk

• 1 source
• comriecommunitycentre.co.ukAlready the world’s leading tyre maker, Michelin thinks even bigger with a €500m US double acquisitionAshford JaceMar 13, 2026

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