In the Industry Investindustrial Acquires Majority Share in Neolith
The Stone Collection Denver Relocates
An investment subsidiary of Investindustrial VI L.P. has signed a partnership agreement with the current owners of Neolith, Jesus and Jose Luis Esteve. This partnership was initiated to support the next phase of development of the Neolith brand. Although Investindustrial will acquire a majority shareholding in the company, the Esteve family will retain a relevant minority interest. They will also continue to lead the management team and chair of the board of directors. Investindustrial is a European group of independently managed investment, holding and advisory companies with €6.8 billion of raised fund capital, which provides industrial solutions and capital to midmarket companies in Europe. Its mission is to actively contribute to the development of the companies in which it invests by creating growth opportunities and offering global solutions through an entrepreneurial pan-European vision. Terms of the shareholding purchase were not announced.
The Stone Collection will relocate to a larger,
Water Treatment Solutions Water Treatment Solutions recently promoted Christine Trefethen to the position of Director of Sales for the Stone Industry. In her time with the company Trefethen has worked in all facets of Water Treatment Solutions and most recently served as manager of customer service. Her time with the Customer Service Department has given her a lot of exposure to the family of customers and the experience necessary to understand the issues that a stone shop encounters.
LPI Grows Sales and Customer Service Teams, Celebrates 25th Anniversary LPI has hired Ryan McMasters as regional sales manager for the East Central territory and promoted Vincent Strelow from service technician to training specialist. McMasters joined the company with a wealth of stone-industry experience, having previously worked at SimsLohman and Battista Granite in Ohio, where his duties ranged from templating and designing to overseeing production and installation. Following the addition of McMasters, LPI strengthened its training department even further with the promotion of Vincent Strelow to training specialist. 14 • Vol. 12 / Issue 3 • International Surface Fabricators Association
state-of-the-art showroom and warehouse in Denver, Colo., this summer. The Stone
Collection has resided at its current facility
off of Interstate 70 and Peoria St. in Denver
since its inception in 2008. Its new facility is
located three miles west in Stapleton Business Park. The move reflects more than a decade of success and growth for the Coloradoborn company, which has quickly grown
to include nine locations in five states. The
new110,000-sq.-ft. showroom and product
will not only accommodate a more extensive
designed showrooms in Arizona, Texas, Utah
provide an improved customer experience with
warehouse in Denver will join innovatively
and Florida, bolstering the brand’s reputation as a large and diverse supplier of natural
stone slabs. The Stone Collection’s relocation An eight-year Army veteran, Strelow worked
on LT-55 and LT-2D3D units as an LPI service technician for the last two years.
Additionally, LPI is marking 25 years of innovative
inventory and new showroom, but it will also exceptional product displays and galleries,
better accessibility, and convenient frontage, closer to downtown Denver.
line with the United Nations’ 2030 Agenda. In committing to sustainability and a positive environmental impact, the company adheres to strategic objectives like innovation (Sustainable
digital measuring systems for companies in
Development Goal 9) and sustainable production
Laser Templator laser measuring system, LPI
company constructed a self-contained residual
the world helping thousands of companies
industrial park in Cantoria. This plant is dedicated
digital templating system has more than 3,000
residual materials generated by the company in
by Inc. magazine as one of the 5,000 Fastest
the production of Silestone® and Dekton®, as
stone and various other industries. Led by its
(Sustainable Development Goal 12). Last year the
has sold more than 6,000 systems throughout
materials processing plant within the company’s
increase productivity. Today, the LT-2D3D
to the sustainable treatment and processing of
customers worldwide. LPI has been recognized
its production processes, especially sludge from
Growing Private Companies in America the past two years, and in 2018, LPI founder, Dan Louis, was recognized as an influential figure in the
industry when he was inducted into the National Kitchen and Bath Association Hall of Fame.
Cosentino Continues Support of Sustainability Cosentino has long been a supporter of
sustainability initiatives. In Spain, in 2018
alone, the company rolled out investments in
well as leftover broken or defective pieces. To highlight the importance the company places on this initiative, Cosentino currently manages a total of approximately 300,000 tons of residual material (more than 771 tons per day), and recovers more than 30 percent of it. In 2018, this metric grew by 83 percent when compared to 2017. The company is in the advanced stages of planning for what will be one of Spain’s largest renewable energy power plants for self-
environmental assets worth more than $5.6
consumption, which it expects to implement
on environmental improvement. In the United
Circular Economy, Cosentino aims to obtain a
assets worth $2.8 million, along with spending
from a county treatment plant. Construction of
friendly waste management. These tangible
water, located within Cosentino Park, is expected
million (USD), and $9.1 million in total spending
in 2020. In line with its goal to empower The
States, Cosentino invested in environmental
license that will permit the utilization of water
more than $7.5 million on environmentally
this new station for the regeneration of residual
commitments by the company are made in
to commence this year.
