Cracks in the smooth surface of Caesarstone
The phenomenal success of Sdot Yam's quartz countertop firm has sparked a power struggle at the kibbutz over control of its cash cow.
Kibbutz Sdot Yam has experienced something of an economic miracle in recent years. The value of its 51% stake in Caesarstone, which for years provided just a small profit, has ballooned to an incredible $875 million – impressive considering that just over a year ago the kibbutz was entertaining an offer to sell its entire holdings at an overall company value of $600 million. Even...
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