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Arvind Advanced Materials, a unit of Arvind Ltd, is in active discussions to acquire a majority stake in Dalco Nonwovens, a US-based needlepunch nonwovens manufacturer, in a deal valued between $125 million and $140 million. The acquisition would give Arvind its first manufacturing foothold in the United States.
“Arvind Limited's technical fabrics arm, Arvind Advanced Materials, is in active discussions to acquire a majority stake in Dalco Nonwovens.”cnbctv18.com
Summarized from public sources; check the original articles before acting on it.