Caesarstone completed the acquisition of a majority stake in Lioli Ceramica for $12m.

Caesarstone, a developer of engineered surfaces, completed the acquisition of a majority stake in Lioli Ceramica, an India-based producer of porcelain countertop slabs, for $12m. “We are extremely pleased to announce the completion of this investment. We have gained immediate access to the fast-growing global porcelain countertop category, with Lioli’s premium products combined with our strong brand and global network poised to accelerate our multi-material growth strategy. We welcome the Lioli team to our Company and look forward to realizing our mission under our global growth acceleration plan to be the first brand of choice for countertops around the world," Yuval Dagim, Caesarstone CEO.