Seller Lioli Ceramica
Target Lioli Ceramica
Deal Type Mergers & Acquisitions
Buyer Caeserstone Limited
Transaction Description

Caesarstone Ltd is a publicly traded company on NASDAQ and is the global leader in the premium quartz industry, opergating out of Israel.

Gujarat based Lioli is a manufacturer of cutting-edge Ceramics countertop slabs, operating one of the most innovative and technologically advanced manufacturing facilities, the first of its type in Asia. Founded in 2016, Lioli now exports its products to 35 countries and has quickly established itself as an industry leader.

Ceramics represents one of the fastest growing categories in the global countertop market. Caesarstone’s entrance into the Ceramics countertop market is accentuated by its dominant presence in quartz surfaces and strengthens its global competitive advantage. Combined with Lioli’s advanced production technology makes this union an ideal strategic combination.  Lioli’s manufacturing facility is based at Morbi, Gujarat. Morbi is a huge industrial hub, partcularly famous for the production of ceramic tiles, housing 80% of India’s ceramic vitrified tile manufacturing units.

Industry Sector
ICFG Office

ICFG India advised Lioli Ceramica in cross-border strategic acquisition by Caeserstone Limited

Transaction Details

ICFG India has successfully advised on the acquisition of Gujarat based Lioli Ceramica Pvt. Ltd (“Lioli”), by global quartz leader Caeserstone Limited, the first cross border strategic transaction in the building construction materials sector since the Covid-19 break-out, providing a major boost to the ‘Make in India’ initiative.