Following the receipt of all necessary regulatory approvals, Michelin has announced the closing of its acquisition of Texas-based Flexitallic Group, under the terms disclosed on February 3. The move is set to accelerate the growth of its Polymer Composite Solutions business.
Headquartered in Houston, Flexitallic provides high-performance sealing solutions for critical sectors such as energy and chemicals. Operating 17 sites worldwide, the company employs approximately 1,200 people and generated revenues of around 220 million USD in 2025.
According to Michelin, the acquisition was financed through available cash, thereby preserving the group's solid financial position. The deal significantly expands Michelin's portfolio and footprint in the sealing market, particularly by enhancing its access to the aftermarket segment.
The French group highlighted a "strong strategic fit, with both parties sharing a commitment to innovation and product quality while operating on a global scale, creating significant synergies for future growth."
Compagnie Générale des Etablissements Michelin is one of the world leaders in manufacturing and marketing of tires. Net sales break down by activity as follows:
- sale and distribution of tires: mainly replacement tires, long-distance transport tires, specialty tires (for agricultural and civil engineering machinery, aircraft, etc.) and original equipment tires for passenger cars and two-wheels;
- development of connected solutions: offers adapted to the new economic, human and environmental challenges of fleet managers and other public or private mobility players, offers to accompany travel and journeys (Michelin and Robert Parker gastronomic guides, tourist guides and applications such as ViaMichelin);
- development of polymer composite solutions: high-tech solutions in the fields of seals, belts and technical fabrics, developed thanks to Michelin's unique expertise in the physics and chemistry of materials, and aimed at a variety of sectors such as mobility, construction, aeronautics, low-carbon energies and healthcare.
Net sales are distributed geographically as follows: France (9.8%), Europe (27.3%), Mexico and North America (36.7%) and other (26.2%).
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