Who Owns Caesarstone Company?

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Who Owns Caesarstone?

Understanding a company's ownership is key to grasping its strategy and accountability. A major turning point for Caesarstone Ltd. was its NASDAQ IPO in March 2012, transitioning from private ownership to public shareholders.

Founded in 1987, this Israeli company pioneered engineered quartz surfaces, becoming a global leader. Its products are now available in about 50 countries.

We will explore Caesarstone's ownership evolution, from its founding to the impact of institutional and public shareholders.

Caesarstone Ltd. was founded in 1987 at Kibbutz Sdot Yam, an Israeli communal settlement. Its establishment involved collaborative development efforts between kibbutz members and external parties, including Professor Moshe Narkis of the Technion. The company's initial focus was on quartz surfaces, replacing a former terrazzo tile factory at the kibbutz.

Founding Entity

Kibbutz Sdot Yam was instrumental in the establishment and early operations of Caesarstone. The kibbutz's communal structure influenced the initial distribution of control and strategic direction.

Early Development

The company's origins trace back to joint development work undertaken by kibbutz members and other collaborators. Professor Moshe Narkis of the Technion was among those involved in these early stages.

Initial Focus

Caesarstone began its operations by focusing on the production of quartz surfaces. This marked a shift from the kibbutz's previous manufacturing activities, which involved terrazzo tiles.

Communal Ownership Influence

The communal nature of Kibbutz Sdot Yam likely shaped early ownership agreements. The kibbutz's economic council managed its activities, including its stake in Caesarstone.

Shareholder Influence

As of February 28, 2025, Kibbutz Sdot Yam, through Mifalei Sdot-Yam, held significant voting power. This influence was exercised over a substantial portion of Caesarstone's ordinary shares.

Partnership in Ownership

Kibbutz Sdot Yam's substantial shareholding was held in conjunction with Tene Investment Funds. Together, they beneficially owned approximately 40.6% of Caesarstone's shares.

The foundational ownership structure of Caesarstone was deeply intertwined with the collective nature of Kibbutz Sdot Yam. While specific individual founder details and initial equity percentages are not widely publicized, the kibbutz's role was paramount in the company's inception and early strategic direction. The economic council of Kibbutz Sdot Yam oversees its economic activities, including its significant involvement with Caesarstone, underscoring the enduring influence of the founding kibbutz. This communal foundation has historically shaped the company's corporate structure and decision-making processes, impacting its overall Revenue Streams & Business Model of Caesarstone.

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Caesarstone Ltd. transitioned to public ownership with its IPO on the NASDAQ Global Select Market on March 22, 2012, under the ticker symbol CSTE. This move diversified the company's ownership base significantly from its founding entity.

Institutional investors hold a substantial portion of Caesarstone's shares, with ownership reported at 35.34% in February 2025 and increasing to 53.96% by July 2025. As of March 31, 2025, 131 institutional owners had filed the necessary forms, collectively holding 13,105,054 shares. Kibbutz Sdot-Yam, in conjunction with Tene Investment Funds, remains a significant controlling shareholder, beneficially owning approximately 40.6% of the company's shares as of February 28, 2025. These shifts in Caesarstone ownership have likely influenced its strategic direction, emphasizing operational optimization and the expansion of its product lines, including new offerings like zero crystalline silica and porcelain products.

Key Stakeholders in Caesarstone's Structure

Caesarstone's corporate structure is influenced by both institutional investors and significant controlling shareholders. Understanding these relationships is key to grasping the company's strategic decisions.

• Institutional investors collectively own a majority of Caesarstone shares as of mid-2025.
• Phoenix Financial Ltd. and Global Alpha Capital Management Ltd. are among the largest institutional shareholders.
• Kibbutz Sdot-Yam and Tene Investment Funds maintain a significant controlling stake.
• The company's focus on product innovation aligns with its evolving ownership landscape.
• For insights into the company's guiding principles, explore the Mission, Vision & Core Values of Caesarstone.

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Caesarstone Ltd.'s Board of Directors is composed of individuals who represent significant shareholder interests and provide independent oversight. Dr. Ariel Halperin serves as Chairman and is also a senior managing partner at Tene Investment Funds, a key shareholder. The board also includes Lily Ayalon, Nurit Benjamini, Yuval Beeri, Tom Pardo Izhaki, Ronald Kaplan, Maxim Ohana, Dr. Ornit Raz, and Giora Wegman, with recent appointments for Beeri, Ohana, and Wegman in late 2023 and 2024.

The voting power within Caesarstone is predominantly tied to its ordinary shares. As a foreign private issuer on NASDAQ, the company can adhere to certain home country governance practices, which may include a lower quorum requirement for shareholder meetings, set at 25% of the voting power compared to the NASDAQ's standard 33 1/3%. This structure, combined with the substantial ownership of approximately 40.6% by Kibbutz Sdot-Yam and Tene as of February 28, 2025, grants these entities significant influence over corporate decisions, potentially limiting the impact of other shareholders. Potential conflicts of interest can arise from directors holding dual roles within the company and also being affiliated with Kibbutz Sdot-Yam or Tene. The company's operational agreements with Kibbutz Sdot-Yam for manufacturing facilities further underscore their ongoing influence on Caesarstone's operations and, by extension, its Competitors Landscape of Caesarstone.

Shareholder Influence and Governance

Major shareholders exert considerable control over Caesarstone's strategic direction. The combined holdings of Kibbutz Sdot-Yam and Tene significantly shape the company's governance and decision-making processes.

• Kibbutz Sdot-Yam and Tene Investment Funds collectively hold approximately 40.6% of voting power as of February 28, 2025.
• This concentration of ownership allows for substantial influence on corporate matters.
• The board composition reflects representation from these major shareholders, alongside independent directors.
• Potential conflicts of interest are managed through disclosure and adherence to governance policies.

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In the past few years, the company has navigated a dynamic landscape, with significant shifts in its financial performance and strategic focus impacting its ownership trends. These developments are crucial for understanding the current Caesarstone ownership structure.

Institutional investors maintain a substantial presence, holding approximately 53.96% of the company's stock as of July 21, 2025. This indicates a strong collective interest from financial institutions in the company's performance and future prospects. The net buying activity in the last quarter, with institutions purchasing 16.5 million shares and selling 4.6 million shares, further underscores this active involvement.

Institutional Holdings Overview

As of July 21, 2025, institutional ownership was 53.96%. This segment of Caesarstone shareholders actively influences the company's direction.

Recent Trading Activity

In the last quarter, institutions bought 16.5 million shares and sold 4.6 million shares. This net buying activity suggests a positive sentiment among institutional investors.

Strategic Transformation and Challenges

The company is undergoing a transformation, focusing on R&D and expanding its zero crystalline silica and porcelain offerings. This includes facility closures, impacting operational costs.

Financial Outlook and External Factors

The company withdrew its full-year outlook in May 2025 due to macroeconomic pressures and U.S. tariffs. Modest improvement in adjusted EBITDA is expected for 2025, driven by cost optimization, as detailed in its Brief History of Caesarstone.

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