Michelin to acquire Tex-Tech Industries from Arlington Capital Partners.

Michelin, a provider of a wide range of tires, agreed to acquire Tex-Tech Industries, a global supplier of materials science-based solutions, from Arlington Capital Partners, a private equity firm. Financial terms are not disclosed. “During our partnership, Tex-Tech underwent a significant transformation through sizable research and development in next generation materials and coatings, with a focus on high-growth end markets and high-cost-of-failure applications. Michelin’s global footprint makes it an excellent home for Tex-Tech to expand the penetration of its innovative products to Europe and the rest of the world. This transaction exemplifies Arlington’s ability to accelerate growth through deep expertise in regulated industries and to build businesses of strategic value,” Peter Manos, Arlington Managing Partner.