Walker Zanger, Opustone Acquired by Holding Company
MIAMI, FL — Mosaic Companies LLC, a major holding company for businesses in specialty wall, mosaic and natural slabs, has announced the acquisitions of Walker Zanger and Opustone Stone and Tile Concepts, a leading pair of distributors of luxury natural and engineered stone slabs and tiles for the North American market. Terms of the acquisitions were not disclosed.
Mosaic is a partnership between Albert Claramonte, the founder of Surfaces Southeast, a leading manufacturer and distributor of specialty wall and mosaic coverings to the home center and specialty retail markets, and The Baupost Group, a leading 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 Mosaic CEO Glen Morrison.
The 65-year-old Walker Zanger, headquartered in Los Angeles, is a leading designer of luxury tile and stone surfaces aimed at residential and commercial architects, designers, home builders and contractors across the U.S. Founded in 2001, The Miami-based Opustone Stone and Tile
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