Benzinga | Jul 30, 2021 04:09PM EDT

Oil-Dri Announces Price Increases on Clay Absorbents and Sports Field Products To Range From 5%-9%

Oil-Dri Corporation of America (NYSE:ODC) today announced that it will implement price increases of its clay absorbents and sports field products, effective September 1, 2021. These price increases will range from 5% to 9%, depending on the product.



Although Oil-Dri is continuously improving its manufacturing efficiencies, price adjustments are necessary as the company is facing significant cost increases across all input channels, including packaging, materials, natural gas, and non-fuel manufacturing costs.

Oil-Dri sales representatives will communicate additional details of the price increase to their customers directly.