Mosaic Companies unveils multi-million-dollar plan
Symyrna, Ga.—Mosaic Companies, the parent company of Walker Zanger and Opustone, has been investing heavily in new product lines and deep inventory levels, benefiting from its considerable buying power and global logistics expertise since the acquisition of the brands in early 2021.
According to the company, this movement has proven instrumental during the early months of 2022, allowing Walker Zanger and Opustone to offer new and unique products, reaffirming both brands as leaders in their respective markets.
With the unfortunate events in Europe, compounded with the additional disruption in the challenging logistic landscape, the leadership of Mosaic Companies said it has gone “all in” on its ability to produce, buy and move material across the globe. As a result, the commitment has increased or advanced orders to its global supplier network, further securing substantial buffer inventory.
“Our commitment to our customers, dealers and distributors across the country guided the decision,” said Keith Denny, president, Mosaic Companies. “We want to ensure that we’re prepared for whatever the future brings. 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.”
This year’s initial investment of nearly $100 million has been dwarfed by the massive amount of new orders, according to the company. In addition to substantial tile orders, Mosaic Companies said it has already secured more than 2.5 million square feet or 45 thousand premium slabs coming to the US and its showrooms.