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Boulder’s Snow Peak Capital buys textile firms

BOULDER — Private equity investor Snow Peak Capital LLC has purchased a controlling stake in Dalco Nonwovens LLC and Global Felt Technologies Inc., textile manufacturers in North and South Carolina, respectively. 

Terms of the deal were not disclosed, but SPC did say that Joey Duncan, CEO of both acquired companies, will maintain significant ownership.

“The investment in Dalco and GFT will realize meaningful synergies and allow the firms to better serve their customers. We have great confidence in the abilities of Joey Duncan and his team to lead the businesses and look forward to partnering with him,” Snow Peak managing partner Steve Yager said in a prepared statement.

Source: BizWest

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