Caesarstone Rallies on Report Kibbutz Members May Sell Stake

Updated on
  • Apax, Bain Capital considering purchase, Calcalist reports
  • Stake in quartz countertop maker valued at $531 million

Caesarstone Sdot-Yam Ltd., the maker of quartz countertops that was founded on a kibbutz, rallied on speculation that private equity firms including Apax Partners LLP and Bain Capital Partners are considering buying the kibbutz members’ 33 percent stake in the company.

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