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Caesarstone Ltd. (NASDAQ: CSTE), a arch developer and architect of high-quality engineered surfaces, today appear that it has entered into a absolute acceding to access a majority pale in Lioli Ceramica Pvt. Ltd (“Lioli”), an India-based ambassador of cutting-edge ceramics countertop slabs, operating avant-garde and technologically avant-garde accomplishment accessories in Asia, with anniversary acquirement of about $18 million.

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Porcelain represents one of the fastest growing categories in the all-around countertop bazaar and anon complements Caesarstone’s accustomed attendance in engineered quartz surfaces. The accretion provides an adorable access point for Caesarstone to advantage its able brand, architecture capabilities, sales force and all-around administration arrangement to enhance chump assurance about the apple with a multi-material alms of exceptional countertops. Located in the centermost of India’s ceramics hub, Lioli’s high-quality, low-cost, vertically-integrated operation will accumulation ceramics countertop offerings to Caesarstone, which will be marketed in all regions alongside quartz beneath one arch all-around Caesarstone┬« brand.

Yuval Dagim, Chief Executive Officer commented, “This accretion is a above footfall in our efforts to beforehand our all-around advance dispatch plan and to apprehend our ambition of acceptable a arch premium, multi-material amateur in the all-around countertop industry. The accretion will accredit us to accept a cogent attendance in the all-around ceramics category, one of the fast-growing categories in the countertop market, alongside our acclaimed quartz portfolio. Lioli’s advanced ceramics operations accumulated with Caesarstone’s awful admired cast and accustomed all-around arrangement will strengthen our different amount hypothesis and our adeptness to advance a multi-material advance strategy. In this way, we can enhance the acquaintance of our consumers and business partners, while acumen our mission to be the aboriginal cast of best for countertops about the world.”

Under the acceding of the transaction, Caesarstone has entered into a absolute acceding to access a majority pale in Lioli for a banknote advance of about $12 million, apery an action amount of about $34 million, including the acceptance of debt and added application of up to about $10 actor aloft the accomplishment of assertive milestones. The transaction is accepted to abutting in 2020, accountable to accepted closing conditions, and is accepted to accept a favorable appulse to balance above 2020.

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About Caesarstone

Caesarstone is a abstraction and lifestyle-driven aggregation with a customer-centered access to designing, developing, and bearing high-end engineered surfaces acclimated in residential and bartering buildings. Our articles action above artful address and able functionality through a audible array of colors, styles, textures, and finishes acclimated in countertops, vanities, bank cladding, floors, and added autogenous surfaces. Marked by their inherent constancy characteristics such as non-porousness, blemish and stain resistance, and durability, the company’s artefact awning offers a awful adorable another to added surfaces. Able charge to account has fostered growing chump adherence in over 50 countries area the bristles audible Caesarstone artefact collections are available: Classico, Supernatural, Metropolitan, Concetto and Outdoor. For added advice amuse appointment our website:

Forward-Looking Statements

Information provided in this columnist absolution may accommodate statements apropos to accepted expectations, estimates, forecasts and projections about approaching contest that are “forward-looking statements” as authentic in the Private Securities Litigation Reform Act of 1995. These advanced statements chronicle to the Company’s plans, objectives and expectations for approaching operations, including estimations apropos to the appulse of the COVID-19 communicable and acknowledgment measures in affiliation thereto, expectations of the after-effects of the Company’s business access action and its projected after-effects of operations. These advanced statements are based aloft management’s accepted estimates and projections of approaching after-effects or trends. Actual after-effects may alter materially from those projected as a aftereffect of assertive risks and uncertainties, both accepted or unknown. These factors include, but are not bound to: the appulse of the COVID-19 communicable on end-consumers, the all-around abridgement and the Company’s business and after-effects of operations; the adeptness of the aggregation to realign aspects of its business based on the business access initiative, the backbone of the home advance and architecture sectors; acute aggressive pressures; the aftereffect of silicosis and added actual abrasion claims; authoritative requirements apropos to hazards associated with acknowledgment to silica dust; accomplishment of absolute articles and managing appropriate changes in assembly and accumulation chain; bread-and-butter altitude aural any of our key absolute markets changes in raw actual prices; fluctuations in bill barter rates; the success of our amplification efforts in the United States; alternation of melancholia fluctuations in revenues; disturbances to the Company’s operations or the operations of its suppliers, distributors, barter or added third parties and added factors discussed beneath the branch “Risk Factors” in our best contempo anniversary address on Form 20-F and added abstracts filed with the Securities and Barter Commission. These advanced statements are fabricated alone as of the date hereof, and the Aggregation undertakes no obligation to amend or alter the advanced statements, whether as a aftereffect of new information, approaching contest or otherwise.

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