Congoleum Announces Price Increase & Donation to World Vision
Mercerville, NJ, June 6, 2018-Congoleum Corporation will initiate a 3% to 5% price increase across several categories of residential and commercial vinyl flooring products in the United States and Canada. The pricing action will go into effect in August 2018.
“We continue to experience significant increases across virtually every aspect of our operations,” said Chris O’Connor, president and CEO of Congoleum. “Key raw materials such as resins, plasticizers and limestone have all increased and are expected to have continued upward cost pressures through the balance of the year. Raw materials increases, combined with higher energy, labor and transportation costs have, despite our best efforts, surpassed our ability to absorb their full impact.”
In addition, the company is pleased to announced the shipment of three truckloads of flooring valued at $120,000 as a donation to World Vision, a Christian humanitarian non-profit organization dedicated to working with children, families, and their communities worldwide to reach their full potential by tackling the causes of poverty and injustice.
World Vision will provide the flooring domestically for families in Appalachia living in poverty to provide safe, warm, and dry housing for children giving hope to many in need. World Vision partners will also use the flooring to help families recover from the damage incurred by Hurricane Irma in central Florida.