Oil-Dri Announces Price Increase on Private Label Heavy Cat Litters
May 24 2017 - 4:10PM
Oil-Dri Corporation of America (NYSE:ODC) announced today that it
will be implementing price increases on its private label heavy
scoopable and non-scooping cat litters, effective August 1, 2017.
The price increases are due to current cost increases and pricing
trends on key components used in mining, manufacturing, shipping
and include costs related to packaging, fuel and equipment.
Oil-Dri introduced the first lightweight scoopable clay litter
in 2011 and holds multiple patents for lightweight scoopable litter
and other litter innovations. The Company produces private label
litters for many large grocery outlets. In addition to its private
label products, Oil-Dri sells litter and accessories under the
brands Cat’s Pride®, Fresh & Light®, Fresh & Light Ultimate
Care®, Jonny Cat® and KatKit®. Oil-Dri’s pet care products make
cleaning up after cats safe and easy.
While granular clay floor absorbents were Oil-Dri’s founding
product, it has since diversified its portfolio to include both
consumer and business to business product offerings that supply pet
care, animal health, fluids purification, agricultural ingredient,
sports field, industrial and automotive markets. In 2016,
Oil-Dri celebrated its seventy-fifth year of business and looks
forward to the next milestone.
This release may contain forward-looking
statements regarding the company’s expected performance for future
periods, and actual results for such periods may materially differ.
Any such forward-looking statements are subject to uncertainties
which include, but are not limited to, intense competition from
much larger organizations in the consumer market; the level of
success in implementation of price increases and surcharges;
changes in the market conditions, the overall economy, volatility
in the price and availability of natural gas, fuel oil and other
energy sources, and other factors detailed from time to time in the
company’s annual report and other reports filed with the Securities
and Exchange Commission.
Reagan B. Culbertson
Corporate Communications & Investor Relations Manager
reagan.culbertson@oildri.com
(312) 706 3256
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