Tuesday, August 4, 2015
We value you as an integral part of our business and want to provide advance notice of a pending adjustment to our Cash Acme® product pricing.
Reliance Worldwide Corporation® (RWC) remains steadfast on driving cost reductions and operational efficiencies. Over the past six years, we have worked to contain costs in every part of our business in order to maintain our pricing. Despite these efforts, we have seen continual upward inflationary pressure in our material, conversion and supply chain costs. The average impact on finished goods costs over this period has been between five and ten percent, depending on the product and raw materials involved. As a result, it has become necessary to implement a price increase in order to recover some of these added costs.
In our working relationships, RWC has always strived to provide clarity and visibility. You can rest assured that these impacts have been mitigated to the best of our ability. In the coming weeks, we will be discussing the specific impacts directly with each and every OEM partner. You can expect to hear from our team no later than August 15, 2015 about how your products have been affected. These increases will be effective October 15, 2015.
If you have any questions prior to our discussions, please feel to reach out to us—as it is always our intent to have solid communication about change. I thank you for your continued support and ongoing commitment to Cash Acme products and RWC. We value your partnership and remain focused on providing products and services that exceed your expectations.
Vice President, OEM Sales – USA