Two Major Stone Distributors Acquired
MIAMI — Mosaic Companies acquired stone distributors Walker Zanger and Opustone in a deal announced today. Terms of the deals weren’t disclosed.
Mosaic is a partnership between Albert Claramonte, the founder of Surfaces Southeast, and The Baupost Group, a Boston-based investment manager withexperience partnering with family and founder-owned businesses.
Mosaic also includes Surfaces Southeast, a leading manufacturer and distributor of specialty wall and mosaic coverings to the home center and specialty retail market.
“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 one of the best-recognized stone brands, with more than 65 years of experience, among architects, designers, homebuilders, and contractors across the U.S. with broad reach across the residential and commercial markets. Walker Zanger offers its broad range of products through curated showrooms and slab galleries, along with 200 authorized dealers nationwide.
“We are thrilled to be part of the Mosaic team,”said Jeff Lupica, acting general manager of Walker Zanger. “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 a distributor of decorative and ornamental stone in the South Florida region with three luxury showrooms in Miami, West Palm Beach and Fort Lauderdale.
“I’m incredibly excited about the potential this unlocks for us in the years to come,” said Eric Schigiel, Opustone president. “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 at Opustone, Schigiel will also serve as a strategic advisor to Walker Zanger’s slab division. 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. The acquisition of Opustone closed this month..
To learn more about Mosaic Companies, please visit http://www.mc.llc.
