Michelin Reportedly Bids €1.2 Billion to Acquire Alfa Gomma

French tire maker Michelin is reportedly preparing a €1.2 billion bid to acquire Alfa Gomma, an Italian industrial hose and rubber solutions manufacturer. The news has drawn strong attention from investors and analysts, as the potential deal signals Michelin’s intent to strengthen its industrial business and reduce reliance on traditional tire markets. This move reflects a broader trend in the stock market, where large manufacturers are pursuing strategic acquisitions to secure long-term growth.