Michelin has announced its intention to acquire Cooley Group and Tex Tech Industries to strengthen its Polymer Composite Solutions division and expand into lucrative markets.

Target Information

The Michelin Group, as part of its "Michelin in Motion 2030" strategy, is leveraging its expertise to expand into high-value markets. Recently, Michelin has signed agreements to acquire Cooley Group, a specialist in coated industrial fabrics, and Tex Tech Industries, a leading designer and manufacturer of specialized textiles. Both companies possess a strong strategic complementarity with Michelin, sharing a commitment to innovation and product quality while operating in complementary geographical regions.

Cooley Group, headquartered in Rhode Island, USA, is celebrating its centenary in 2026 and is globally recognized for its high-performance polymer-coated fabrics. The company is vertically integrated, featuring capabilities in weaving, knitting, and polymer extrusion. Cooley designs and manufactures innovative and sustainable polymer solutions for various applications, including medical devices, sealing, water and chemical retention, and other critical environmental solutions.

Founded in 1904 in Maine, USA, Tex Tech Industries is a leading designer and manufacturer of specialized textiles, fabrics, and coatings for a wide range of industries and niche applications. The company has de