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Mergers & Acquisitions•1 July 2026•

1 min read

Michelin Completes Tex Tech Acquisition, Bolsters Polymer Composites Business

Key Facts

1Michelin announced on July 1, 2026 the completion of its acquisition of Tex Tech Industries.

2The acquisition reinforces Michelin's Polymer Composite Solutions business.

As part of its strategy to expand into advanced materials, Michelin announced today the completion of its acquisition of Tex Tech Industries, according to an official company statement. The acquisition is aimed at strengthening Michelin's Polymer Composite Solutions business, expanding its product range and manufacturing capabilities. Michelin did not disclose the financial details of the deal.

Michelin's stock (MGDDY) traded at $19.26 at the close on June 30, 2026, according to market data. The acquisition represents the completion of the group's strategy to diversify revenue streams beyond its traditional tire business. With the deal closed, markets are now focused on Michelin's ability to integrate Tex Tech's technologies and achieve operational synergies in the second half of the year.