# Arvind Advanced Materials acquires majority interest in Dalco-GFT Nonwovens

Snow Peak Capital sold its majority interest in Dalco-GFT Nonwovens, a manufacturer of needle-punched nonwoven specialty fabrics, to Arvind Advanced Materials Limited, a subsidiary of Arvind Limited. Snow Peak and CEO Joey Duncan retain a minority stake.

- Type: Acquisition
- Announced: 2026-05-06
- Where: Conover, North Carolina, United States
- Status: completed
- Capacity: 75 million lbs per year
- Products: needle-punched nonwoven specialty fabrics
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Arvind Ltd](https://endata.com/companies/30853.md) (partner)
- [Arvind Advanced Materials Limited](https://endata.com/companies/41808.md) (acquirer)
- [Dalco-GFT](https://endata.com/companies/41809.md) (target)
- [Snow Peak Capital](https://endata.com/companies/62464.md) (investor)
- [Snow Peak Capital](https://endata.com/companies/62464.md) (partner)
- [Dalco-GFT Nonwovens](https://endata.com/companies/62465.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/snow-peak-capital-announces-sale-of-majority-interest-in-dalco-gft-to-arvind-advanced-materials-limited-302764760.html), 2026-05-06: "Dalco-GFT is an excellent example of how Snow Peak seeks to partner with founder-led industrial businesses."
- [nonwovens-industry.com](https://www.nonwovens-industry.com/breaking-news/pe-firm-sells-majority-stake-in-dalco-gft-nonwovens/), 2026-05-07: "Snow Peak Capital, LLC announced the sale of Dalco-GFT Nonwovens to Arvind Advanced Materials Limited."
- [textileworld.com](https://www.textileworld.com/textile-world/nonwovens-technical-textiles/2026/05/arvind-advanced-materials-enters-usa-the-largest-technical-textile-market-through-acquisition-of-dalco-gft/), 2026-05-07: "Arvind Advanced Materials Limited today announced the acquisition of nearly 61% stake in Dalco-GFT, a U.S.-based manufacturer of specialized needle-punched non-woven specialty fabrics."
- [etextilecommunications.com](https://www.etextilecommunications.com/news/snow-peak-announces-sale-of-majority-interest-in-dalco-gft-nonwovens/article_2f31e87f-0bc4-4423-8f7f-f29ec6a8df73.html), 2026-05-08: "Snow Peak Capital, LLC, a private equity firm focused on middle-market businesses, announced the sale of Dalco-GFT Nonwovens (Dalco-GFT), a leading manufacturer of needle-punched nonwoven specialty fabrics, to Arvind Advanced Materials Limited (AAML)."
- [cnbctv18.com](https://www.cnbctv18.com/business/companies/arvind-dalco-gft-acquisition-us-nonwoven-market-20-percent-growth-outlook-19901608.htm), 2026-05-08: "The acquisition of Dalco-GFT marks a transformational milestone in AAML's growth journey."
- [indiantextilemagazine.in](https://www.indiantextilemagazine.in/arvind-advanced-materials-expands-into-the-us-through-dalco-gft-acquisition/), 2026-05-08: "The acquisition of Dalco-GFT marks a transformational milestone in AAML's growth journey."
- [worldoftechnicaltextile.com](https://worldoftechnicaltextile.com/arvind-advanced-materials-expands-into-the-us-through-dalco-gft-acquisition/), 2026-05-08: "The acquisition of Dalco-GFT marks a transformational milestone in AAML's growth journey."
- [dealnews.ai](https://dealnews.ai/arvind-advanced-materials-acquires-dalco-gft-nonwovens/), 2026-05-10: "Arvind brings global scale, deep technical textile expertise, and a strong strategic commitment to advanced materials, creating significant opportunities for our employees and customers."
- [innovationintextiles.com](https://innovationintextiles.com/aaml-acquires-majority-stake-in-dalco-gft/), 2026-05-22: "Through this transaction, we are entering the world's largest technical textile market through a platform that is both technologically aligned and operationally strong."
- [nonwovens-industry.com](https://www.nonwovens-industry.com/exclusives/mergers-and-acquisition-activity-in-nonwovens/), 2026-05-29: "Snow Peak Capital, LLC has sold Dalco-GFT Nonwovens, a manufacturer of needlepunched nonwoven specialty fabrics, to Arvind Advanced Materials Limited."
- [specialtyfabricsreview.com](https://specialtyfabricsreview.com/2026/06/02/arvind-advanced-materials/), 2026-06-02: "Arvind Advanced Materials Ltd., a wholly owned subsidiary of India-based Arvind Ltd., announced the acquisition of nearly 61% stake in Dalco-GFT, a U.S.-based manufacturer of specialized needle-punched nonwoven specialty fabrics."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.