Caesar Stone Symbol (CSTE) today completed the acquisition of Omicron Granite & Tile, a stone product distribution company operating in 17 different U.S. distribution centers, including Florida, Ohio, Louisiana, Alabama and Michigan.
Under the terms of the deal, Even Caesar acquires Omicron at an operating value of approximately $ 27 million, including a $ 6 million debt.
Omicron is a profitable company with sales of over $ 50 million in 2020. This acquisition joins another recently completed acquisition of “July Ceramics” a porcelain manufacturer with a state-of-the-art production facility in Asia with revenues in 2019 of approximately $ 18 million.
The company’s CEO, Yuval Dagim, said today: “We are pleased with the pace of implementation of the plan. In the last two years, we have completed the development of organizational and operational infrastructure so that we can implement and leverage these acquisitions and position the company for growth.
Even Caesar is engaged in the development and production of advanced work surfaces used for residential and commercial use. The company sells its products from 50 countries.
The strategic plan adopted by the company includes the expansion of the company’s deployment and distribution globally in general and in the US in particular, as well as, the expansion of the product portfolio under a diverse material offering,, with the aim of becoming the world’s preferred workspace brand.
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