Caesarstone Files Registration Statement
MP MENASHE, ISRAEL – February 16, 2012 – Caesarstone Sdot-Yam Ltd. today announced that it has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of its ordinary shares. Caesarstone manufactures high quality engineered quartz surfaces, which are used in both residential and commercial buildings as countertops and other types of interior surfaces. The number of shares to be offered and the price range for the offering have not yet been determined. Caesarstone has applied to have its ordinary shares quoted on the NASDAQ Global Select Market under the ticker symbol "CSTE".
J.P. Morgan Securities LLC, Barclays Capital Inc. and Credit Suisse Securities (USA) LLC are the joint bookrunning managers for the offering, and Robert W. Baird & Co. Incorporated and Stifel, Nicolaus & Company, Incorporated are the co-managers for the proposed offering. A copy of the preliminary prospectus related to the offering may be obtained when available from J.P. Morgan Securities LLC, via telephone at (866) 803-9204 or by mail at Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717; from Barclays Capital Inc., via telephone at (888) 603-5874 or by mail at c/o Barclays Capital Inc. at Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717; or from Credit Suisse Securities (USA) LLC, Prospectus Department, One Madison Avenue, New York, NY, 10010, via telephone: (800) 221-1037.
A registration statement relating to these securities has been filed with the United States Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Caesarstone manufactures high-quality engineered quartz surfaces, which are used in both residential and commercial buildings as countertops and other types of interior surfaces. The wide variety of colors, styles, designs and textures of quartz the Company produces, along with the product’s inherent durability, provide consumers with a product competitive with granite, manufactured solid surfaces, and laminate. The Company’s products are available in 42 countries around the world.
Michal Baumwald Oron
+972 (4) 610-9239