$100 Million dollar investment by Cosentino

Cosentino Group’s investment purchases 50% of Cosentino North America’s capital stock, the Spanish subsidiary company devoted to the North American market.

This strategy aims at strengthening Cosentino North America’s position within the global Cosentino Group, which will help the Almerian company become more international.

Cosentino Group’s plan for the U.S. , Canada and Mexico (the main markets of Cosentino North America) will now consist of the reinforcement and expansion of its own distribution network based on its Centres.

The Spanish multinational company has 14 warehouses (its Centres) in the U.S. , 8 wholesale distributors and 14 manufacturing factories. It also deals with more than 5,000 kitchen and bathroom stores and sells to the top five Home Centers organisations (Home Depot, Lowe’s, Direct Buy, etc.).

Cantoria (Almería) / Houston ( Texas ), 11th January 2010 . The Spanish business group Cosentino, the worldwide leader in the production and distribution of quartz surfaces and other natural stones, has finally purchased the remaining 50% capital stock of its sister company, Cosentino North America.  Until now Cosentino S.A. only owned 50%.This action required an investment of 100 million dollars to buy the aforementioned 50% share, hitherto property of its local partner, which brought about a capital increase too.

This strategy aims at strengthening Cosentino North America’s position within the global Cosentino Group, which will help the Almerian company become more international. It also seeks to support the current Cosentino leadership in the U.S. and place a future expansion on a secure footing.

Cosentino Group’s plan for the U.S. , Canada and Mexico (the main markets of Cosentino North America), will now consist in the reinforcement and expansion of its own distribution network under the supervision of the headquarters located in Spain . It will also attempt to implement its project of Centres, logistic platforms which provide an all-inclusive, high quality service with regards to the whole range of Cosentino products, to marble fabricators, kitchen and bathroom professionals as well as interior designers and advisers.

Established for over 15 years in North America and with more than 700 employees all over the U.S. , Canada and Mexico, Cosentino Group has established a sound organisation in those markets. The Spanish multinational company has 14 warehouses (Centres) in the U.S. , 8 wholesale distributors and 14 manufacturing factories. It currently deals with more than 5,000 kitchen and bathroom stores and distributes products to the top five Home Centers organisations (Home Depot, Lowe’s, Direct Buy, etc) including over 6,000 architects spread out all over the country.

In addition to this, three of its reference brands for decoration and work surfaces are among the most in demand by North American customers: Silestone® for quartz surfaces; Sensa® for the granite sector and Eco by Cosentino® for those customers committed to the environment and sustainable consumption. 

As Francisco Martínez-Cosentino, Cosentino Group’s President, says, “Taking over 100% of Cosentino North America involved an essential and crucial step towards the company’s internationalization. Backed by successful projects carried out in Europe and Brazil , Cosentino is steadily moving forward to a positively multinational organisation, based on an efficient and proper management”.

Following the way we understand and satisfy different cultures, tastes and the market needs where we operate, our organisational investment focuses on unifying models through product diversification, brand strengthening and enhancing our distribution methods to better reach the final user”, concludes Martínez-Cosentino.