MP MENASHE, Israel--(BUSINESS WIRE)--
Caesarstone Sdot-Yam Ltd. (NASDAQ: CSTE), a leading manufacturer of high
quality engineered quartz surfaces, today announced that it has entered
into an agreement with IKEA US, to serve as IKEA US's exclusive
non-laminate countertop vendor. Caesarstone will source, finish and
distribute countertop products, including mainly Caesarstone quartz
surfaces as well as other materials. The implementation of this program,
which is expected to occur over time with no material impact in 2013 was
taken into account in the company's guidance for 2013.
Yosef Shiran, Chief Executive Officer of Caesarstone, commented, "We are
excited to begin this important relationship with one of the world's
great retailers. IKEA has been a driving force in bringing great modern
design and tremendous value to a wide range of consumers around the
world, particularly through their customized kitchen and bath product
lines. This collaboration with IKEA reinforces Caesarstone quartz
surfaces' superiority in quality and designs. We believe that our
organization's strong capabilities will make this project a success and
we look forward to contributing to the continuing success of IKEA."
About Caesarstone
Caesarstone manufactures high quality engineered quartz surfaces used in
both residential and commercial buildings as countertops and other
interior surfaces. The wide variety of colors, styles, designs and
textures of Caesarstone® products, along with Caesarstone's inherent and
superior performance characteristics such as hardness, non-porosity,
scratch and stain resistance and durability, provide consumers,
designers, and builders with superb internal surfaces used for various
applications. Caesarstone's four collections of products — Classico,
Supremo, Motivo and Concetto — are available in over 40 countries around
the world.
(CSTE-E)
Investor Relations:
James Palcynski
Investor Relations
+1
203-682-8229
jp@icrinc.com
Source: Caesarstone Sdot-Yam Ltd.
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