# Snow Peak Capital sells majority interest in Dalco-GFT to Arvind Advanced Materials

Snow Peak Capital has sold a 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: 2022-04-22
- Where: United States
- Status: completed
- 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)
- [Snow Peak Capital](https://endata.com/companies/62464.md) (partner)
- [Dalco-GFT Nonwovens](https://endata.com/companies/62465.md) (target)

## Sources

- [snowpeakcapital.com](https://snowpeakcapital.com/news/), 2022-04-22: "Snow Peak Capital, LLC (Snow Peak), a private equity firm focused on middle-market businesses, today announced the sale of Dalco-GFT Nonwovens (Dalco-GFT), a leading manufacturer of needle-punched nonwoven specialty fabrics, to Arvind Advanced Materials Limited (AAML)."

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