Arvind Acquires Dalco-GFT for $136 Million

Arvind Limited announces the acquisition of a 61% stake in US-based Dalco-GFT for $136 million, funded via debt.
The acquisition expands Arvind's global footprint in needle-punch nonwovens, targeting a $2.5 billion TAM with 17% margins.
Dalco-GFT operates at 85% capacity with 75M lbs annual output and is expected to be margin and EPS accretive for Arvind.
Existing Dalco-GFT management retains a 39% stake and will continue, with plans to grow the business at a mid-teens rate.