The Israeli startup, which also received $100 million in credit from ZIM, offers flexible payment options that are aiming to disrupt legacy trade-financing solutions, and extend the accessibility of working capital for SME importers, exporters, freight forwarders and sourcing agencies
Caesarstone buys Omicron to boost US distribution
Under the terms of the deal, the Israeli quartz countertop company acquired Omicron for an enterprise value of $27 million, including $6 million of net debt.
Israeli engineered quartz countertop company Caesarstone Ltd. (Nasdaq: CSTE) today announced that it has acquired Omicron Granite and Tile, a stone supplier operating in 17 locations in Florida, Ohio, Louisiana, Michigan and Alabama. Omicron expands Caesarstone’s distribution network in the US.
This is Caesarstone s second acquisition in the past six months having acquired Italian ceramics company Lioli for $12 million in August. At the end of the third quarter Caesarstone had $146 million in cash.