International Designs Group LLC (IDG), a portfolio company of Mill Point Capital LLC (“Mill Point”), announced that it has acquired Trajus Surfaces, LLC (Surfaces), a distributor of engineered quartz and natural stone products in the Mid-Atlantic and Northeastern United States. Comprising two brands, European Granite & Marble and Marva Marble, … Read more
BB Industries (BBI), a distributor of tools, materials and supplies to countertop fabricators, marble stone masons and tile contractors has acquired Sarasota, Fla.-based Innovative Tool Solutions (ITS). ITS is a retailer of stone countertop fabrication and installation tools and supplies with a dedicated customer base throughout the West Central Florida … Read more
Milwaukee private equity firm Borgman Capital announced its acquisition of Minnesota Tile and Stone (MTS). The company will be merged with Borgman Capital’s portfolio company, K.G. Stevens. The acquisition enables both companies to expand their Midwest footprint and diversify their product offerings. Borgman Capital also announced that Jason Gaare has … Read more
Private equity platform, CVC Capital Partners VIII, has agreed to invest in the Neolith Group, which was previously controlled by its founders, the Esteve Family, and Investindustrial. Neolith, pioneer in the creation of sintered stone and a global leader with business in more than 100 countries, leads the ongoing process … Read more
As a mark of progress to its North American Growth Acceleration Plan, Caesarstone U.S. announced the strategic acquisition of Omicron Granite & Tile. This will immediately increase Caesarstone’s distribution network and provide 17 new locations from which Caesarstone will operate and present its surfacing products. Based in Pompano Beach, Fla., … Read more
Caesarstone Ltd., a developer and manufacturer of engineered surfaces, announced its entry into an agreement to acquire majority ownership in Lioli Ceramica Pvt. Ltd. By entering the global porcelain category, Caesarstone achieves a significant milestone in its Global Growth Acceleration Plan. Lioli Ceramica Pvt. Ltd, an India-based producer of cutting-edge … Read more
Wilsonart Engineered Surfaces announced that it has signed a definitive agreement to acquire Alpine Sales, Inc., a Columbia, South Carolina based wholesale distributor to the building and remodeling industry. Alpine Sales distributes decorative surfaces, post formed countertops, lacquers and stains, and hardware. “Our acquisition of Alpine Sales complements Wilsonart’s company … Read more