Overview
- Arvind’s advanced-materials unit bought nearly 61 percent of Dalco-GFT, a U.S. producer of needle-punched nonwoven fabrics.
- The price was reported at $136 million, and the companies used debt financing that Arvind says remains within acceptable leverage.
- Snow Peak Capital and CEO Joey Duncan retain minority stakes, with Duncan staying chief executive and Matt Sims remaining president.
- Arvind says the deal secures a Made-in-USA foothold, helps avoid tariffs, and opens access to a $2.58 billion U.S. technical-textiles market.
- Dalco-GFT runs plants in North and South Carolina with about 75 million pounds of yearly capacity serving automotive, furniture, geotextile, and industrial customers.