Arvind Subsidiary Acquires 61% Stake in Dalco-GFT

Arvind Advanced Materials Ltd acquires a 61% controlling stake in US-based Dalco-GFT for an enterprise value of $136 million at 7.75x CY25 EBITDA.
Dalco-GFT is a ~$100 million revenue company with 17% EBITDA margin and 40% ROCE, serving automotive, industrial, construction and furniture sectors.
The acquisition provides Arvind entry into the $2.5 billion US technical textiles market and is immediately margin and EPS accretive to Arvind Limited.
Transaction is debt-funded with plans to acquire remaining 39% stake in 4 years, while existing Dalco-GFT management continues to lead operations.