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Arlington Capital is set to sell Tex-Tech Industries to Michelin, with the transaction expected to close in the first half of 2026, subject to regulatory approvals. As part of this deal, Tex-Tech's divisions, Fiber Materials, Inc. and Engineered Composites, will be spun off to create FMI Industries, an independent company focused on reinforced composites for defense and aerospace markets, led by former CEO Scott Burkhart. This move aligns with Arlington's strategy to enhance growth in regulated industries.