Arvind Advanced Materials Limited (AAML) has acquired nearly 61% stake in Dalco-GFT, a United States-based company specialising in needle-punched non-woven specialty fabrics.
According to the company, the acquisition is expected to strengthen AAML’s global footprint, reduce supply chain risks, and create operational synergies. The company also stated that the transaction provides access to a total addressable market (TAM) in the United States valued at $2.58n across multiple segments.
The acquisition aligns with Arvind’s strategy of leveraging its integrated supply chain while pursuing opportunities aimed at expanding partnerships and responding to changes in global trade dynamics.
AAML has operated in the advanced materials sector for two decades and maintains supply positions in areas including protective gear, renewable energy, mass mobility, industrial filters, and belting. The company is backed by the Arvind Group, which has a long-standing presence in textiles, capital goods, and industrial materials manufacturing.
Dalco-GFT was established in 1988 and manufactures specialised non-woven fabrics. The company is described in the release as a US $ 100 billion company.
Punit Lalbhai, vice chairman of Arvind Limited, said, “The acquisition of Dalco-GFT marks a transformational milestone in AAML’s growth journey. Through this transaction, we are entering the world’s largest technical textile market—the United States—through a platform that is both technologically aligned and operationally strong.”
Joey Duncan, chief executive officer of Dalco-GFT, stated, “Our customers can expect the same great service, relationships, and product quality they’ve always known – and we’re excited about what this transaction makes possible for them going forward.”