News

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The world returned – finally – to northern Italy this fall with the in-person resumption of two stellar events for the international hard-surfaces industry. In Verona, Marmomac welcomed more than 30,000 attendees from Sept. 29-Oct. 2 for the 55th edition of the trade fair for natural stone (and a couple of quartz-surface manufacturers). Meanwhile, more than 60,000 attendees streamed into Bologna for the 38th Cersaie international tile expo on Sept. 27-Oct. 1.

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BOCA RATON, Fla. – Sun Capital Partners, a private-equity group, acquired Select Interior Concepts (SIC) in a cash-for-stock deal in October valued at approximately $375 million. The company took the name of its Architectural Surfaces Group (ASG) division. Sun Capital paid SIC shareholders $14.50 per share in cash, which represents a 32% premium over SIC’s Aug. 6 closing price and a 42% premium over its 30-day volume-weighted average price of $10.20.