Neolith, a pioneer in the creation of sintered stone and a world leader with operations in over 100 countries, is leading the ongoing transformation process in the stone surfaces industry with innovative and sustainable solutions that combine design and functionality for a wide range of applications; from kitchens, bathrooms and designer furniture to building facades and coverings for the most avant-garde architectural projects.
Neolith’s strong organic growth and profitability in recent years as well as a unique market position were key factors in the acquisition. Jose Luis Ramón, CEO of Neolith Group said “it is a privilege to welcome CVC to the great Neolith project and its arrival will undoubtedly mark a new turning point in the history of the group, accelerating our ambitious strategic objectives. His vast experience and global presence will be of great help to us in developing our enormous potential.“. He added that “we are grateful for the trust and constant support of Investindustrial and the Esteve family to make Neolith a unique platform that has allowed us to constantly develop the company with a firm commitment based on innovation, brand image , sustainability and a simple approach based on open collaboration“.
Javier de Jaimemanaging partner at CVC, said that “we are delighted to have completed this investment in Neolith so that we can continue to lead this industry together and undertake the next stage of investment, which will allow the company to continue to accelerate its international expansion and multiply its growth behind the unique value proposition and position it enjoys in the market“. He added that “we invest in companies with exceptional track records that are leaders in their respective industries. Neolith symbolizes what we look for in any investment: a growing global market, a unique business model and a highly qualified, motivated and international multidisciplinary team. Our vision is to multiply long-term value and help the company unlock its full potential, behind sustainable growth, by engaging in technology, research and development of advanced materials, design and brand image“.
In turn and on behalf of the current investors, Andrea C. Bonomithe chairman of the Industrial Advisory Board of Investindustrial, which became a majority shareholder in 2019, said “We have identified the sintered stone sector as the fastest growing niche among high-end designer surface solutions, due to its strong technical and sustainable characteristics. Within the sector, Neolith is a world leader based on a strong culture of quality and R&D built by the founding Esteve family, and supported by the excellent management team in place.”
A revolutionary and innovative architectural surfacing material with superior technical characteristics made from 100% natural raw materials.
Designed and manufactured to meet the most stringent requirements of the world of architecture and interior design, Neolith stands out for its quality, versatility, durability and elegance, as well as its durability.
All over the world, it has become an essential ingredient in elegant creations for any kitchen, bathroom, building facade, floor and even exclusive designer furniture for indoor and outdoor spaces, combining exquisite design with the utmost functionality. .
Committed to social responsibility, Neolith is also the first company in the sector to achieve carbon neutrality in 2019. Currently, the company is working to implement an expansion plan in key geographies, such as North America, Europe, China and Australiato continue contributing to creating unique spaces and extraordinary experiences through sustainable functional design in the more than 100 countries where it operates through direct and indirect distribution and an extensive sales network the partners.
CVC is a leading private equity and investment advisory firm with a network of 25 offices across Europe, Asia and the United States, with approximately 122 billion US dollars of assets under management. Since its inception in 1981, CVC has secured commitments exceeding 165 billion US dollars some of the world’s leading institutional investors as part of its private equity and credit strategies. The funds managed or advised by CVC are invested in more than 100 companies worldwide, which have accumulated annual sales of more than 100 billion US dollars and employ more than 500,000 people. For more information on CVC, please visit: https://cvc.com. Follow us on LinkedIn here.
Investindustrial is a leading European group of independently managed investment, holding and advisory companies with €11 billion in capital raised. With ESG principles deeply embedded in the company’s core approach, Investindustrial has over 30 years of experience in providing capital, industry expertise, operational guidance and global platforms to midsize companies to accelerate sustainable value creation and international expansion. Certain Investindustrial Group companies are authorized and subject to FCA regulatory oversight in the UK and the CSSF in Luxemburg. Investindustrial’s investment companies act independently of each other and of each Investindustrial fund. Additional information is available at www.investindustrial.com
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