News
CANTORIA, Spain—Cosentino Group reports a record year for both revenue and profits in 2021. The surfacing company brought in revenues of €1.4 billion, or an increase of 30% from 2020. That translated into a net profit of €104 million euros, or a 59% increase. The company also created 685 new jobs and invested 105 million euros in improvements and additions to its Silestone® and Dekton® production.
ALMAZORA, Spain – One of the world’s largest private-equity firms announced that it acquired sintered-stone manufacturer Neolith® Group. Luxembourg-based CVC Capital Partners VII Global Private Equity Fund made the announcement in late April. Terms of the transaction weren’t disclosed. Spanish media reports value the sale at €400 million-€500 million. This is the second time in three years that Neolith will change ownership. CVC is the largest private-equity investment fund in Europe.