Michelin to acquire Flex Composites Group in $764 million transaction
Michelin is looking "to become a global leader in high-tech engineered fabrics and films" with the pending purchase of Paris-based Flex Composite Group.
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Michelin is looking "to become a global leader in high-tech engineered fabrics and films" with the pending purchase of Paris-based Flex Composite Group.
Michelin is looking "to become a global leader in high-tech engineered fabrics and films" with the pending purchase of Paris-based Flex Composite Group.
Mumbai: Michelin and IDI announce today they have reached an agreement on the terms by which Michelin would acquire 100% of Flex Composite Group (FCG) for an enterprise value of €700 million. FCG is a European leader in engineered fabrics and films w
In perfect alignment with Michelin in Motion 2030 strategy, this acquisition would enable Michelin and FCG to create a leader in high-tech engineered fabrics and films.
Michelin and IDI have reached an agreement on the terms by which Michelin would acquire 100% of Flex Composite Group (FCG) for an enterprise value of AED2.8 billion ($760 million).