Arvind Advanced Materials Limited (“AAML”), a wholly owned
subsidiary of Arvind Limited, announced the acquisition
of nearly 61% stake in Dalco-GFT, a U.S.-based manufacturer
of specialized needle-punched non-woven specialty fabrics.
This acquisition reinforces Arvind’s strategy of leveraging its
integrated supply chain and pursuing value-accretive opportuni
ties to enhance resilience, expand partnerships, and respond to
evolving global trade dynamics.
AAML operates a scaled advanced materials platform with
supply leadership positions across many critical sectors such
as, protective gear, renewable energy, mass mobility, industrial filters and belting and is backed by Arvind Group’s century-long
heritage in manufacturing of textiles, capital goods and
Industrial materials.
AAML is almost two decades old and an innovation driven
product portfolio with deep vertical integration spanning
materials, processing, and finished products having cost
leadership, and margin resilience.
It currently operates three distinct verticals i.e., Human
Protection, Composites, and Industrial Application and has
achieved a Revenue CAGR of 23% over the past five years with a
consistent margin of ~15% Dalco-GFT was established in 1988 and has a proven track
record of four decades. It delivered specialized needle-punched
non-woven tech-textile solutions across sectors including
Automotive, Industrial, Construction and Furniture & Furnishing.
The acquisition is expected to accelerate Arvind Advanced
Material’s global footprint and reduce supply chain risk.
Commenting on the acquisition, Mr. 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. The
continued participation of the existing shareholders, who will
retain a ~39% stake, reflects strong alignment and confidence in
the future of the business. This acquisition is highly synergistic
and will accelerate our growth ambitions of 18–20% through
cross-sourcing and technology integration.”
“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.” said Mr. Joey Duncan, Chief Executive
Officer of Dalco-GFT. “Our team remains fully committed to
serving our customers with the same responsiveness and
reliability they have come to expect. With AAML as the parent,
we will be even better positioned to strengthen our operations,
enhance our capabilities, and accelerate growth and innovation
for the benefit of our customers. I am also excited to continue
leading Dalco-GFT under AAML’s ownership and look forward to
working together with Mr. Punit Lalbhai and team to build on the
company’s strong foundation and pursue its next phase of
growth.”
InCred Capital acted as the exclusive financial advisor to AAML
on the transaction. “This deal represents a landmark for our
client both in terms of gaining meaningful scale and entering a
new geography. We are grateful to have played a small role in
this successful transaction and wish AAML all the best on its
expansion in the United States” said Ashish Ambwani, Managing
Director at InCred Capital.
AAML extend its sincere appreciation to our advisors, legal
counsels, auditors, bankers, and regulatory authorities for their
support in the timely completion of this transaction.
This acquisition signifies Arvind’s continued commitment to its
core principles of disciplined growth, strategic partnerships, and
responsible decision-making. Anchored in its long-standing
value system, the Company remains focused on delivering
sustainable, long-term value to all stakeholders.