CVC to acquire a majority stake in Neolith Group from Investindustrial.

CVC, a private equity firm, agreed to acquire a majority stake in Neolith Group, a company that specialises in sintered stone surfaces, from Investindustrial, an investment group. Financial terms are not disclosed. "It is a privilege to welcome CVC into the great Neolith project and its arrival will no doubt represent a new turning point in the group's history, accelerating our ambitious strategic objectives. Its extensive experience and global presence will be a great help to us in developing our enormous potential. We are grateful for the confidence and constant support of Investindustrial and the Esteve Family in making Neolith a unique platform that has enabled us to consistently expand the business with a firm commitment based on innovation, branding, sustainability and a straightforward approach based on open collaboration," Jose Luis Ramón, Neolith Group CEO.