Arvind Advanced Materials Accelerates Global Expansion with Acquisition of Dalco-GFT

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“The acquisition of Dalco-GFT marks a transformational milestone in AAML’s growth journey. Through this transaction, we are entering the world’s largest technical textile market - the United States - through a platform that is both technologically aligned and operationally strong.” - Punit Lalbhai, Vice Chairman - Arvind Limited

May 2026 : Arvind Advanced Materials Limited (AAML) has officially stepped onto U.S. soil. The company, a 100% subsidiary of the storied Arvind Limited, recently announced it has acquired a 61% controlling interest in North Carolina-based Dalco-GFT. This is a strategic bridge connecting a century-old Indian manufacturing heritage with the world’s largest technical textile market.

The acquisition brings Dalco-GFT, a specialist in needle-punched non-woven fabrics, into the Arvind fold. For AAML, this provides immediate access to a massive Total Addressable Market (TAM) in the USA, estimated at $2.5 billion. By integrating Dalco-GFT’s $100 million top-line and robust 17% EBITDA margins, Arvind is reinforcing its strategy of leveraging an integrated supply chain to stay resilient amidst shifting global trade dynamics.

Speaking on the vision behind the expansion, Mr. Punit Lalbhai, Vice Chairman of Arvind Limited, noted: “The acquisition of Dalco-GFT marks a transformational milestone in AAML’s growth journey. Through this transaction, we are entering the world’s largest technical textile market - the United States - through a platform that is both technologically aligned and operationally strong. The continued participation of the existing shareholders, who will retain a ~39% stake, reflects strong alignment and confidence in the future of the business.”

Beyond the balance sheet, the human element remains a priority. Dalco-GFT’s leadership will remain at the helm to ensure continuity. Mr. Joey Duncan, CEO of Dalco-GFT, shared his enthusiasm for the partnership: “Our team remains fully committed to serving our customers with the same responsiveness and reliability they have come to expect. With AAML as the parent, we will be even better positioned to strengthen our operations, enhance our capabilities, and accelerate growth and innovation for the benefit of our customers.”

With this move, Arvind Advanced Materials adds expertise in the automotive, construction, and furniture sectors to its existing portfolio, proving once again that for this textile giant, the possibilities are truly endless.

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