Flex Composite Group News Today

Ending Q3 with firepower at its peakEARNINGS/SALES RELEASESIDI enjoyed another active quarter. Although the NAV has fallen slightly qoq since June 30, 2023 , it has nevertheless risen by 11.4% YTD...

Private equity firm IDI reports an NAV of 724.5 million euros at September 30, 2023, or 96.85 euros per share, down slightly over three months, but up 11.4% since January 1.The group can look back on...

Adjustment following the completion of the sale of Flex Composite GroupEPS CHANGECHANGE IN EPS2023 : € 9.22 vs 6.45 +42.9%2024 : € 8.17 vs 8.13 +0.51%Our EPS 2023 resets significantly higher due...

Masters the value creation playbookM&A /CORP. ACTIONIDI announced today that it has completed, alongside Andera Partners, the sale of Flex Composite Group to Michelin. This operation, unveiled in...

Michelin completed the acquisition of Flex Composite Group on 27 September 2023 under the terms announced on 19 June 2023. According to the purchaser, “Michelin and FCG have thus created a leader in high-tech engineered fabrics and films”. The acquisition forms part of the Michelin in Motion 2030 strategy and is said to mark “a significant step forward in the development of the group's polymer composites activities”.

Clermont-Ferrand, September 27, 2023 COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN Michelin completes the acquisition of Flex Composite Group and creates a leader in high-tech engineered fabrics...

Michelin completes the acquisition of Flex Composite Group and create a leader in high-tech engineered fabrics and films Michelin completed...

Shielded against macro-economic turmoilEARNINGS/SALES RELEASESThe uncertain macro-economic environment has left IDI unscathed, with NAV growth of 12.4% in H1 23 to €97.73 per share. The first half...

Michelin and IDI have reached an agreement for Michelin to acquire 100% of Flex Composite Group (FCG) for $760 million.

Michelin's acquisition of Flex Composite Group will give the French company a step forward in growing its polymer composite activities.