Mosaic Companies Investing Millions in Inventory
SMYRNA, Ga. — Mosaic Companies, the parent company of Walker Zanger and Opustone, is heavily investing in new product lines and deep inventory level during the early months of 2022.
With the unfortunate events in Europe, compounded with additional disruption on the challenging logistic landscape, the leadership of Mosaic Companies has gone “all in” on its ability to produce, buy and move material across the globe. As a result, this commitment has increased or advanced orders to its global supplier network, further securing substantial buffer inventory.
This year’s initial investment of nearly $100 million has been dwarfed by the massive amount of new orders. In addition to substantial tile orders, Mosaic Companies has already secured more than 2.5 million ft² or 45,000 premium slabs coming to the United States and its showrooms.
The aggressive decision to advance its initial purchase forecast, in some cases, by more than double doesn’t come without its challenges. Finding adequate storage for all of this material is one of the critical puzzles Mosaic Companies’ logistic team is solving.
“Our commitment to our customers, dealers and distributors across the country guided the decision. We want to ensure that we’re prepared for whatever the future brings,” said Keith Denny, Mosaic Companies president. “By heavily stocking the current lines – in some cases with enough material for an entire year of orders – we will fulfill our promise to our customers, dealers, distributors, partners, and employees.”
Mosaic Companies is a holding company formed in 2019 as a partnership between glass-mosaic-tile entrepreneur Albert Claramonte and the Baupost Group, a leading Boston-based investment firm. Among its investments are Walker Zanger, a stone-and-tile design resource for more than 70 years, and Opustone, one of Florida’s most-sourced importer and distributor of natural and engineered stone and tile, carrying over 10,000 products carefully curated from over 25 countries worldwide
