Snow Peak has sold its stake in Conover‑based specialty‑fabric maker Dalco‑GFT to Arvind Advanced Materials, a unit of India’s Arvind Limited. The transaction leaves Snow Peak and CEO Joey Duncan with a minority share. Dalco‑GFT’s president Matt Sims stays on, while Duncan continues to steer the company as it expands its global footprint and taps new textile markets for growth.

Dalco‑GFT had drawn Snow Peak’s eye in 2022, when the investor backed the firm to scale its high‑performance nonwovens. The sale to Arvind Advanced Materials signals a strategic push into the Asian market, where demand for lightweight, durable fabrics is surging. Both parties retain a stake, ensuring continuity amid the transition for sustained value generation and market stability through the.

Joey Duncan will keep leading Dalco‑GFT, while Matt Sims remains president, preserving operational expertise. Snow Peak’s minority holding allows it to benefit from Arvind’s distribution network without relinquishing control. The deal underscores the growing appeal of specialty fabrics in sectors like outdoor gear and protective apparel, positioning Dalco‑GFT to capitalize on evolving consumer demands in the global market for innovation.