TEXTILES.ORG
Michelin announced that the company has completed the acquisition of Tex Tech Industries, under the terms announced in January this year. This is the third acquisition that Michelin’s Polymer Composite Solutions business has completed in 2026, following the business’s acquisition of Cooley in January and Flexitallic in April.
The acquisition was finalized after receiving all required regulatory approvals and was financed through available cash,
Founded in 1904 in Maine, Tex Tech Industries is a premier designer and manufacturer of textile products and specialized coated fabrics for a wide range of industries and niche applications. The company has created solutions for demanding applications, including Thermal Protection Systems for space vehicles, fuselage burn-resistant aircraft materials, aircraft seat fire-blocking textiles, and custom fabrics for composite applications. Tex Tech employs 300 people and operates six factories (five in the U.S. and one in the U.K.). In 2025, Tex Tech reported revenue of $128 million.