Benzinga | Jan 31, 2022 04:19PM EST

Oil-Dri Announces Price Increases For U.S. Branded And Private Label Cat Litter Products

Oil-Dri Corporation of America (NYSE:ODC) today announced that it will increase prices for its cat litter products effective April 1, 2022. These pricing actions will apply to branded and private label cat litter items sold within the United States.



The Company continues to experience substantial increases in freight, packaging, materials, natural gas, and non-fuel manufacturing costs, all of which are key components of its cat litter products.

Daniel S. Jaffee, President and Chief Executive Officer, stated, "We continue to work closely with customers and supply chain partners to keep our high quality products on retail shelves during this challenging economic environment. Along with this dedication comes the necessity to raise prices in order to mitigate these inflationary cost pressures on our bottom line."

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