Michelin acquires Flex Composite Group from IDI for €700m
Private Equity Insights
JUNE 22, 2023
The company had an average organic growth rate of 11% with an earnings before interest, taxes, depreciation and amortization margin of between 25% and 30% over the 2015-22 period, Michelin said. FCG reported €202m in revenue for 2022, Michelin said. The transaction is expected to close in the third quarter, Michelin said.
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