Michelin Acquires Cooley Group and Tex Tech Industries, Projected 20% Revenue Boost
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 02 2026
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Source: Globenewswire
- Acquisition Strategy: Michelin announces the acquisition of Cooley Group and Tex Tech Industries, projecting a revenue increase of approximately 20% for its Polymer Composite Solutions business, which will significantly enhance the company's expansion into high-value markets.
- Market Leadership: Cooley Group and Tex Tech Industries are both market leaders in coated fabrics and specialty textiles, and their acquisition will bolster Michelin's innovation capabilities and product quality in these sectors.
- Financial Strength: The transactions are fully financed in cash, maintaining Michelin's financial robustness, with expected closings in H1 2026, further solidifying its market position.
- Dedicated Reporting Segment: As the Polymer Composite Solutions business reaches a material size, Michelin plans to create a dedicated reporting segment starting in 2026 to better reflect the growth potential and market performance of this business.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
