Michelin Acquires Cooley Group for $168M, Expands Industrial Fabrics Footprint
Event summary
- Michelin completed the acquisition of Cooley Group on January 22, 2026, after securing all necessary approvals.
- Cooley Group, celebrating its 100th anniversary in 2026, reported $168M in 2025 revenue and operates four factories in North America.
- The deal was financed through available cash, preserving Michelin’s strong financial position.
- Cooley specializes in high-performance polymer-coated fabrics for healthcare, waterproofing, and environmental solutions.
The big picture
Michelin’s acquisition of Cooley Group solidifies its leadership in industrial coated fabrics, aligning with broader trends in sustainable materials and vertical integration. The deal complements Michelin’s existing capabilities while expanding its footprint in North America, a region critical for industrial innovation. With Cooley’s $168M revenue and specialized expertise, Michelin gains a strategic edge in high-performance polymer solutions.
What we're watching
- Integration Challenges
- How Michelin will merge Cooley’s vertically integrated operations into its existing structure.
- Market Expansion
- Whether the acquisition will strengthen Michelin’s position in North America and other key markets.
- Innovation Synergies
- The pace at which Cooley’s expertise in sustainable polymeric solutions will enhance Michelin’s product offerings.
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