Business Services Industry
Sovereign Specialty Chemicals, Inc. Announces Price Increase
Business Wire, April 30, 2004
Business Editors
CHICAGO--(BUSINESS WIRE)--April 30, 2004
Sovereign Specialty Chemicals, Inc. announces a general price increase for its adhesives and coatings products. The Industrial and Packaging, Converting, Graphic Arts Divisions will increase prices 5-8% and implement a surcharge of $6.95 for steel drums and $0.60 for pails, effective June 1.
The Construction Division has recently implemented a price increase.
The increase is due to higher raw material, freight, energy, packaging, and regulatory compliance costs.
Sovereign Specialty Chemicals, Inc. is a leading developer and supplier of high-performance specialty adhesives, coating and sealants serving three markets: Packaging and Converting, Industrial and Construction. Since 1996, Sovereign has grown rapidly - through the strategic acquisition of established niche leaders - to become the largest privately owned adhesives manufacturer in the United States and one of the largest adhesive manufacturers in the world, public or private. Headquartered in Chicago, Illinois, USA, Sovereign comprises 1,000 employees working in 20 manufacturing and sales facilities worldwide to support thousands of customers.
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