Michelin to acquire Flex Composite Group to fortify presence in polymer composite market
French tyre manufacturer Michelin has reached an agreement with Investissement et Développement Industriels (IDI) to acquire the entirety of Flex Composite Group (FCG) at an enterprise value of €700 million, in a move to significantly strengthen its high-tech materials segment. Flex Composite Group, a European leader in engineered fabrics and films with applications in highly […]