Arvind Advanced Materials acquires stake in Dalco-GFT

Arvind Advanced Materials Limited (AAML), a wholly owned subsidiary of Arvind, has announced the acquisition of nearly 61% stake in Dalco-GFT, a US-based manufacturer of needle-punched non-woven specialty fabrics.

The acquisition comes as Arvind aims to strengthen its supply chain and improve resilience amid changing global trade conditions. Along with securing a “Made-in-USA” manufacturing base, the deal will help AAML integrate advanced needle-punch technology and reduce the impact of tariffs. It also provides access to a technical textile market in the US estimated at $2.58 billion.

Punit Lalbhai, Vice Chairman of Arvind Ltd., described the acquisition as a major milestone in AAML’s growth journey. He stated that the company expects the transaction to support annual growth of 18–20% through technology integration and sourcing advantages.

Although Arvind is widely recognised as one of India’s largest denim manufacturers, the company also operates in cotton shirts, knitwear, and technical textiles. AAML, in particular, has developed a strong presence in advanced materials, supported by the Arvind Group’s manufacturing expertise. The subsidiary operates a vertically integrated model, managing processes from yarn selection to final products.

Following the acquisition, Joey Duncan will continue as CEO of Dalco-GFT. Existing shareholders, including private equity firm Snow Peak Capital, will retain a minority stake in the business.