Reichhold announced a general price increase of as much as 8 percent on solvent-borne, water-reducible and 100 percent solids alkyd, polyester, urethane, epoxy, epoxy curatives and acrylics.
This increase is effective for all orders shipped on or after April 15, or as contracts allow.
"This increase is necessary due to the increasing price of commodities such as crude oil, vegetable oils, steel, etc., which impact Reichhold's cost directly," the company said in a statement. "In addition, certain petrochemical and agrichemical feedstocks are demonstrating supply restrictions that are driving costs upward."
Reichhold sales representatives will contact their accounts with specific details regarding individual product price increases.