Michelin Completes Acquisition of Flex Composite Group
Tire Review Magazine
OCTOBER 5, 2023
FCG is a European leader in engineered fabrics and films, said Michelin, with applications in highly technical markets such as marine, supercars & electric vehicles, sports, or construction. From 2015-2022, the company achieved average organic growth of 11%, with an EBITDA margin of 25-30%, according to Michelin.
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