Arvind Advanced Materials acquires Dalco-GFT in US expansion
after close1 source ↓written by the desknot a recommendation
- in U.S.-based Dalco-GFT
- 61% stake
- will retain
- 39% stake
Arvind Advanced Materials Limited (AAML), a subsidiary of Arvind Limited, has acquired a 61% stake in U.S.-based Dalco-GFT, a manufacturer of specialty fabrics. This move aims to enhance Arvind's integrated supply chain and strengthen its position in the U.S. technical textile market. The existing shareholders will retain a 39% stake, indicating confidence in future growth.
Not investment advice. For informational purposes only.