Aug 23, 2023ACQUISITIONParis, France Michelin to acquire Flex Composite Group for €700M
Michelin announced the acquisition of Flex Composite Group (FCG), a European producer of high-tech textiles and films, from private equity firm IDI for €700 million. The deal is expected to close by the end of Q3 2023.
Value
$760.0M (700.0M EUR)
Productshigh-tech textilespolymer composite films
“Mit der Übernahme entsteht ein führender Anbieter von Hightech-Textilien und -Folien”prnews24.com
- 3 sources
- prnews24.comMichelin kündigt Übernahme der Flex Composite Group an - Prnews24.comPR-NewsAug 23, 2023
- globenewswire.comMichelin completes the acquisition of Flex Composite GroupMichelinSep 27, 2023
- european-rubber-journal.comMichelin completes acquisition of engineered fabrics specialist Flex Composite | European Rubber JournalSep 28, 2023
Summarized from public sources; check the original articles before acting on it.
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