# Arvind Advanced Materials acquires 61% stake in Dalco-GFT

Arvind Advanced Materials Limited, a subsidiary of Arvind, acquired a 61% stake in U.S. nonwovens manufacturer Dalco-GFT for $136 million. The deal gives Arvind a manufacturing base in the U.S.

- Type: Acquisition
- Announced: 2019-09-03
- Where: Conover, North Carolina, United States
- Value: $136.0M
- Status: completed
- Products: needle-punched non-woven 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)

## Sources

- [wwd.com](https://wwd.com/sourcing-journal/sj-denim/arvind-advanced-materials-usa-dalco-gft-1238946085/), 2019-09-03: "Arvind Advanced Materials Limited...announced the acquisition of nearly 61 percent stake in Dalco-GFT...valued at $136 million."

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