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Announced

Completed

Caesarstone completed the acquisition of Omicron Granite & Tile for $27m.

Synopsis

Caesarstone, a manufacturer of engineered quartz surfaces, agreed to acquire Omicron Granite & Tile, a supplier of supplier of quartz and stone surfaces, for $27m. "This acquisition enhances Caesarstone's value to customers and consumers as Omicron's geographic footprint will further extend our distribution initiatives and drives our ability to accelerate growth in these two key markets as we work toward exceeding our goals in 2021 and beyond. We are thrilled to find a strong strategic partner with Omicron, whose high performing teams, and strong customer base fit seamlessly in our accelerated growth plans. Combining these two organizations will unlock synergies that create value for all internal and external stakeholders, and further opportunities to grow the Caesarstone brand," Ken Williams, Caesarstone President North America.

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