SOURCE: Oil-Dri Corporation of America

Oil-Dri Corporation of America

June 06, 2012 06:00 ET

Oil-Dri's Retail and Wholesale Products Group Announces Price Increases for Cat Litter

CHICAGO, IL--(Marketwire - Jun 6, 2012) - Oil-Dri Corporation of America (NYSE: ODC) today announced price increases to all classes of trade for both coarse and scoopable cat litters effective August 2012.

The rising cost of transportation for delivered goods has significantly increased for cat litter products. As a result, Oil-Dri is raising prices to recover a portion of the margin it has lost during the past year.

President and CEO, Daniel S. Jaffee, said, "Our team has done an outstanding job holding the line on costs under our control. Unfortunately, these efforts have been dwarfed by the continuous and increasing rise in transportation costs and other purchased items. We sincerely appreciate our customers' loyalty to our brands."

Oil-Dri is committed to continuing its innovation agenda to compete with Purina's Tidy Cat, Clorox's Fresh Step and Arm & Hammer cat litters.

Fresh Step is a registered trademark of Clorox. Tidy Cat is a registered trademark of Nestle Purina. Arm & Hammer is a registered trademark of Church and Dwight Co., Inc.

Oil-Dri Corporation of America is a leading supplier of specialty sorbent products for agricultural, horticultural, fluids purification, specialty markets, industrial and automotive, and is the world's largest manufacturer of cat litter.

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