Oil-Dri Announces Price Increases on Industrial Clay and Synthetic Absorbents
01 Novembro 2021 - 5:25PM
Oil-Dri Corporation of America (NYSE: ODC) today announced that it
will implement price increases of its industrial clay and synthetic
absorbents, effective January 1, 2022. These price increases
will range from 7% to 10%, depending on the product.
Daniel S. Jaffee, President and Chief Executive Officer, stated,
“These pricing actions are necessary due to ongoing inflationary
pressures from materials, packaging, natural gas, and other
manufacturing costs. Maintaining the high quality and supply of our
products to our customers remains a top priority for the
Company.”
Oil-Dri sales representatives will communicate additional
details of the price increase to customers directly.
About Oil-DriOil-Dri Corporation of America is
a leading manufacturer and supplier of specialty sorbent products
for the pet care, animal health and nutrition, bleaching clay and
fluids purification, agricultural ingredients, sports field,
industrial and automotive markets. Oil-Dri is vertically integrated
which enables the Company to efficiently oversee every step of the
process from research and development to supply chain to marketing
and sales. With 80 years of experience, the Company continues to
fulfill its mission to Create Value from Sorbent Minerals. To learn
more about the Company, visit oildri.com.
Category: Company News
Contact:Leslie A. GarberManager of Investor
RelationsOil-Dri Corporation of
AmericaInvestorRelations@oildri.com(312) 321-1515
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