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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 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.