Buckman, a privately-held global company specializing in innovative chemistry and smart solutions, announced global price increases of 5 to 20% for all product offerings. The price increases will become effective immediately, or as customer contracts allow.
Price increases will vary depending on geographic region, solutions offered and market(s) served. In some areas, increases may be higher where local conditions may necessitate additional adjustments.
Recent increases in the price of raw materials as well as escalating input costs have put an unsustainable strain that can no longer be completely absorbed by the company.
Buckman will continue to drive operational excellence throughout the organization with the aim of minimizing the impact of these cost increases.