Michelin Enters Deals to Buy Two US-based Companies

03:42 AM EST, 01/02/2026 (MT Newswires) -- Michelin (ML.PA) entered into agreements to purchase US-based industrial coated fabrics specialist Cooley Group and specialty textiles and fabrics manufacturer Tex Tech Industries for an undisclosed sum. The transactions, part of the tire manufacturer's strategy to expand into high-value-added markets, are anticipated to close in the first half, subject to customary closing conditions and merger control approvals, according to a Friday release.