# 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.

- Type: Acquisition
- Announced: 2020-09-02
- Where: Morbi, Gujarat, India
- Value: $22.0M
- Status: announced
- Capacity: 13,000 sqm per day
- Products: ceramic countertop slabs
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Caesarstone](https://endata.com/companies/49655.md) (acquirer)
- [Lioli Ceramica](https://endata.com/companies/49656.md) (target)

## Sources

- [sourcinghardware.net](https://sourcinghardware.net/lioli-ceramica-sells-majority-stake-to-israeli-quartz-countertop-major-caesarstone/), 2020-09-01: "We are excited to join forces with Caesarstone and to be part of its global vision and growth acceleration plan."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.