On January 7, Michelin announced its intention to acquire Cooley Group and Tex Tech Industries, two companies in the field of coated fabrics and specialty textiles. The move is expected to increase revenue by approximately 20% in the Group's polymer composites solutions business portfolio, and the business segment will also be presented as an independent accounting unit in the financial report. The transactions are all paid in full in cash and are expected to be completed in the first half of 2026.

On January 7, Michelin announced its intention to acquire Cooley Group and Tex Tech Industries, two companies in the field of coated fabrics and specialty textiles. The move is expected to increase revenue by approximately 20% in the Group's polymer composites solutions business portfolio, and the business segment will also be presented as an independent accounting unit in the financial report. The transactions are all paid in full in cash and are expected to be completed in the first half of 2026.