Michelin: acquisition of Flex Composite Group
FCG designs, manufactures and distributes custom solutions in advanced composite materials in specialty markets for more than 2,100 customers worldwide. It generates sales of over 200 million euros and employs nearly 400 people.
The transaction is part of Michelin's strategic plan to expand its activities beyond tires to reach 20 to 30% of its business by 2030, by capitalizing on its historical expertise in flexible composites.
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