Caesarstone acquires majority stake in Lioli Ceramica

Caesarstone Ltd. entered a definitive agreement to acquire a majority stake in Lioli Ceramica Pvt Ltd for a cash investment of approximately $22 million, with an enterprise value of $34 million including debt assumption and potential additional consideration. The transaction is expected to close in 2020.

“We are excited to join forces with Caesarstone and to be part of its global vision and growth acceleration plan.”sourcinghardware.net

• 1 source
• sourcinghardware.netLioli Ceramica Sells Majority Stake to Israeli Quartz Countertop Major Caesarstone - Sourcing HardwareSourcing HardwareSep 1, 2020

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