Michelin has announced its acquisition of Cooley Group and Tex Tech Industries to enhance its presence in the polymer composite solutions market, aiming for substantial revenue growth and strategic alignment with its innovation goals.

Target Company Information

As part of its "Michelin in Motion 2030" strategy, Michelin has recently entered into agreements to acquire Cooley Group, a renowned specialist in industrial coated fabrics, and Tex Tech Industries, a leading designer and manufacturer of specialty textiles and fabrics. Both companies exemplify strong strategic alignments with Michelin, sharing commitments to innovation and high-quality products while operating in complementary markets.

Cooley Group, headquartered in Rhode Island (USA), is celebrating its centennial milestone in 2026 and is globally recognized for its expertise in high-performance polymer-coated fabrics. The company is vertically integrated, possessing significant capabilities in weaving, knitting, and polymer extrusion. It designs and manufactures innovative and sustainable polymeric solutions for diverse applications, including healthcare devices, waterproofing, and water and chemical containment.

Founded in 1904 in Maine (USA), Tex Tech Industries excels in specialty textiles, fabrics, and coatings for various demanding industries. The company has developed solutions for crit