Michelin to Acquire Tex-Tech Industries; Arlington Spins Out FMI Industries
January 2, 2026
Arlington Capital Partners has entered into a definitive agreement to sell Tex-Tech Industries to Michelin, establishing FMI Industries as a new independent Arlington portfolio company spun out of Tex-Tech. Tex-Tech is a developer and manufacturer of proprietary engineered materials and solutions for aerospace, space & defense, and specialty industrial markets, while FMI will focus on reinforced composites for defense, space, and aerospace end markets.
- Buyers
- Michelin
- Targets
- Tex-Tech Industries, FMI Industries, Inc. (FMI Industries Inc.)
- Sellers
- Arlington Capital Partners
- Platforms
- Arlington Capital Partners
- Industry
- Aerospace & Defense
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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