Omni, Houghton Raise Prices

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Omni Specialty Packaging and metalworking fluids manufacturer Houghton International each informed customers of general price increases. Omni announced a price increase of 6 to 8 percent on both bulk products and packaged goods effective June 18. Houghtons price increase was up to 6 percent and took effect May 13. Each company cited factors such as ongoing increases in prices for raw materials such as base oils and additives, and in operating costs such as for transportation and freight. Houghton also noted impacts from increases in regulatory requirements and packaging costs, while Omni also cited higher costs for resin.

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