Ahmedabad, India-based Arvind Advanced Materials Limited (AAML), a wholly owned subsidiary of Arvind Limited, acquired a nearly 61% stake in Dalco-GFT, a U.S. manufacturer of specialized needle-punched nonwoven fabrics.
Dalco-GFT, established in 1988, operates two facilities in North and South Carolina with combined annual capacity of approximately 75 million pounds. The company serves automotive, industrial, construction and furniture sectors and reported revenue of approximately $100 million in calendar 2025.
“The acquisition of Dalco-GFT marks a transformational milestone in AAML’s growth journey,” said Punit Lalbhai, vice chairman of Arvind Limited. “Through this transaction, we are entering the world’s largest technical textile market — the United States.”
“Our customers can expect the same great service, relationships and product quality they’ve always known,” said Joey Duncan, CEO of Dalco-GFT.
AAML valued the transaction at 7.75 times EV/EBITDA. InCred Capital served as exclusive financial advisor.
2026 Quarterly Issue II
