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Mosaic Company NYSE: MOS-N

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Mosaic Companies Announces Acquisition of Walker Zanger and Opustone, Creating an Industry Leader in Luxury Natural and Engineered Stone Slabs and Tiles

PRWeb - Tue Jul 6, 10:02PM CDT

MIAMI, July 6, 2021

MIAMI, July 6, 2021 /PRNewswire-PRWeb/ -- Mosaic Companies ("Mosaic") today announces the acquisitions of Walker Zanger and Opustone, industry-leading distributors of luxury natural and engineered stone slabs and tiles in the North American market.

Mosaic is the holding company that also includes Surfaces Southeast, a leading manufacturer and distributor of specialty wall and mosaic coverings to the home center and specialty retail markets.

Mosaic is a partnership between Albert Claramonte, the founder of Surfaces Southeast and a pioneer in the U.S. glass mosaic tile market, and The Baupost Group, a leading Boston-based investment manager with significant experience partnering with family and founder-owned businesses.

"With the acquisitions of Walker Zanger and Opustone, we are bringing together industry expertise and leading luxury brands to support our strategy of growth and diversification across product categories including specialty and mosaic tiles, floor tiles and slabs - as well as our key channels including retailers, distribution and luxury showrooms," said Glen Morrison, CEO of Mosaic. "We are creating a business focused on unparalleled customer experiences and market leading design with omnichannel reach to create a powerhouse in the luxury surfaces industry."

Walker Zanger is a leading designer of luxury tile and stone surfaces and the best-recognized such brand among architects, designers, homebuilders, and contractors across the U.S. with broad reach across the residential and commercial markets. For over 65 years, Walker Zanger has been the go-to expert in the industry, and is often the first to pioneer new materials, styles, innovations and specialty surface products. Rooted in natural stone slab design, the company continues to push the boundaries of possibility, including recent introductions of cutting-edge materials like recycled glass slabs and thinner-than-stone porcelain slabs that emulate natural marble veining. Walker Zanger carries on the innovative spirit with equal passion today in their curated showrooms and slab galleries, and 200 authorized dealers nationwide.

Jeff Lupica, Acting General Manager of Walker Zanger, said "We are thrilled to be part of the Mosaic team. With Mosaic's reach and resources, we have the opportunity to further build upon our 65-year history as an innovative leader in natural stone slabs and tile."

Founded in 2001, Opustone is considered one of the most sought-after distributors of decorative and ornamental stone in the South Florida region. With headquarters in Miami, Opustone has three luxury showrooms in South Florida: Miami, West Palm Beach and Fort Lauderdale, and offers an unparalleled selection of luxury natural slabs as well as tile.

"I'm incredibly excited about the potential this unlocks for us in the years to come," said Eric Schigiel, president, Opustone. "By joining forces with Mosaic Companies, Opustone is becoming part of a vibrant, growing business that shares a similar vision and set of values, as well as a strong commitment to quality products, innovative design, and passion for customers. Together, we are stronger and will be able to accelerate growth and expand our reach nationwide."

In addition to retaining his role as President, Opustone, Eric Schigiel will also serve as a strategic advisor to Walker Zanger's slab division. Jeff Lupica will continue to serve as Acting General Manager of Walker Zanger, supported by the existing Walker Zanger team.

The acquisition of Walker Zanger was complete in January 2021. The acquisition of Opustone closed in July 2021.

About Mosaic Companies Mosaic Companies, LLC was formed to build a leading omnichannel platform in specialty wall, mosaic, and slab through market leading design, best-in-class sourcing, and an outstanding customer experience in all channels. To learn more about Mosaic Companies, please visit http://www.mc.llc.

About Walker Zanger Walker Zanger is a leading stone and tile design resource in North America. For over 65-years, the company has helped design-trade professionals and homeowners realize their boldest design visions with the most unique, original and thought-provoking surface materials. Walker Zanger is a go-to expert in the industry, and is often the first to discover new materials, styles, innovations and specialty surface products. Rooted in natural stone slab design, the company continues to push the boundaries of possibility, including recent introductions of cutting-edge materials like recycled glass slabs and thinner-than-stone porcelain slabs that emulate natural marble veining. The company carries on the innovative spirit with equal passion today in their curated showrooms and slab galleries, and 200 authorized dealers nationwide. To learn more about Walker Zanger, please visit http://www.walkerzanger.com.

About Opustone Stone and Tile Concepts Opustone Stone and Tile Concepts is Florida's leading importer and distributor of natural and engineered stone and tile, carrying over 10,000 products carefully curated from over 25 countries worldwide. Established in 2001, the company is one of the region's most sought-after experts on decorative and ornamental stone, sourcing the world's most exclusive and high-quality materials. Opustone's state-of-the-art design centers in Miami, Fort Lauderdale, and West Palm Beach are destinations for design trade professionals, providing an elevated shopping experience and immersive studios for designers and architects to visualize their projects. To learn more about Opustone, please visit http://www.opustone.com/.

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Media Contact

David Schlocker, DRS and Associates - Luxury Brand Marketing and Content, +1 (818) 981-8210, davidrs@drsandassociates.com

SOURCE Mosaic Companies

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