Michelin Completes Acquisition of Flexitallic, Bolstering Its Diversification
Michelin has announced the completion of its acquisition of Flexitallic, an American specialist in high-performance seals for the energy and chemical sectors. The transaction, funded by the group's available cash, follows the receipt of all necessary approvals.
Based in Houston, Texas, Flexitallic holds a global leadership position in the production of high-performance seals for critical sectors such as energy and the chemical industry. The company manufactures a complete range of composite seals and sealing components known for their reliability and exceptional resistance in extreme environments where safety is paramount. With seventeen sites worldwide, Flexitallic employs about 1,200 people and generated a revenue of approximately $220 million in 2025. This acquisition significantly broadens Michelin's portfolio in the seals market and enhances its access to the aftermarket segment.
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Both companies share a commitment to innovation and product quality, while operating on a global scale, thus creating significant synergies for Michelin's future growth. The acquisition was financed using the group's available cash, thereby preserving its well-established financial position. The transaction was carried out under the terms initially announced on February 3, 2026, following the receipt of all necessary regulatory approvals.
SectorAutomobile et mobilité›Équipementiers automobiles
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Context
Period
Period: T1 2026
Key reported figures
Revenue: 6 167 millions d'euros
Quarterly revenue: 6 167 millions d'euros
Revenue growth: -5,3 %
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