Michelin completes acquisition of Tex Tech Industries

M&A · Partnership
โดย Yahoo Finance·Read original
Summary · why it matters

Michelin has completed the acquisition of Tex Tech Industries, a US-based manufacturer of specialized coated fabrics and textile products. The deal, first announced on January 2, 2026, was financed with available cash and marks the third major acquisition in Michelin's Polymer Composite Solutions business this year, following Cooley in January and Flexitallic in April. Tex Tech, founded in 1904 and headquartered in Maine, employs 300 people across six factories and reported revenue of $128 million in 2025. The company serves demanding applications including thermal protection systems for space vehicles and fire-blocking textiles for aircraft seats.

Impact on stocks 1

Consumer Discretionary▲ · 1 stocks

Off-coverage companies 3

Cooley GroupPrivate± Mixed
relevance

FlexitallicPrivate± Mixed
relevance

Tex Tech IndustriesPrivate± Mixed
relevance

© 2026 MarketDXNews