Oil-Dri Announces Price Increases for its U.S. and Canadian Branded and Private Label Cat Litter Products
CHICAGO, July 15, 2021 (GLOBE NEWSWIRE) -- Oil-Dri Corporation of America (NYSE: ODC) today announced that it is notifying customers of plans to raise prices of its cat litter products during the first quarter of fiscal year 2022. These pricing actions will apply to branded and private label cat litter products sold within the United States and Canada.
Over the past year, the company has incurred significant increases in freight, packaging, materials, natural gas, and non-fuel manufacturing costs. Many key components used to mine, manufacture and ship its products continue to escalate. Oil-Dri has made considerable efforts to mitigate the impact of these cost pressures, but the company must implement these pricing actions in order to maintain the high quality of its products and service levels.
Oil-Dri sales representatives will communicate specific details of the price increase to their customers directly.
Oil-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
Leslie A. Garber
Manager of Investor Relations
Oil-Dri Corporation of America
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