Walker Zanger and Opustone, two well-known distributors of luxury stone slabs and tiles in the North American market, have been acquired by Mosaic Companies.
Mosaic Companies is a holding company that also includes Surfaces Southeast, a manufacturer and distributor of specialty wall and mosaic coverings to the home centre and specialty retail markets. It is a partnership between Albert Claramonte, the founder of Surfaces Southeast, and The Baupost Group, a Boston-based investment manager.
“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 Companies. “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.”
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.”
“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.”
More at: https://www.walkerzanger.com/ or https://opustone.com/
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