Czech company Technistone, a.s. has been acquired by an American company Wilsonart Engineered Surfaces in one of the biggest Czech transactions of the year. Technistone company, based in Hradec Králové not far from Czech capital Prague, is a world-leading manufacturer of quartz stone and their quartz slabs are used in kitchens all over the world. According to available information, Wilsonart Engineered Surfaces will pay 1.7 bn. CZK for Technistone. Czech company has been founded in the 1990s and it invested heavily into state-of-the-art manufacturing lines in recent years. The transaction has yet to be approved by the regulatory bodies and should be finalized in September.
Prepared by the team of foreign office CzechTrade Brussels