# 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.

- Type: Acquisition
- Announced: 2026-03-13
- Where: United States
- Status: announced
- Products: technical fabrics, engineered materials, coated polymer fabrics, membranes, flexible tanks
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

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

## Sources

- [comriecommunitycentre.co.uk](https://www.comriecommunitycentre.co.uk/13-165222-already-the-worlds-leading-tyre-maker-michelin-thinks-even-bigger-with-a-e500m-us-double-acquisition/), 2026-03-13: "Michelin is shifting from a tyre pure‑play to a diversified materials group, using US acquisitions to fast‑track that transition."

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