Mosaic Companies, the parent company of Walker Zanger and Opustone has been flexing their muscles since the acquisition of the brands in early 2021. For example, the company has been heavily investing in new product lines and deep inventory levels, benefiting from its considerable buying power and global logistics expertise.
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 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.
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. 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." said Keith Denny, Mosaic Companies' president.
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 square feet or 45 thousand premium slabs coming to the U.S., and its showrooms. Thus, Mosaic Companies is setting a solid position in the industry as one of the most prominent players in the industry, with an impressive growth runaway.