On June 15, 2016 Marino\WARE announced a 15% price increase effective August 1, 2016. The full letter is below:
To: Our Valued Customers
Re: Price Increase Announcement-15% Effective August 1, 2016
Due to the continued cost increases on steel, Marino\WARE will raise prices 15% on all products, effective August 1, 2016. Certain regions may be higher due to wholsesale change sin how steel must now be sourced. Proce pages will be distributed by early July, which will ultimately establish the effective prices for August 1.
Marino\WARE will honor all quotations which have been activated in accordance with the "quote activation polic," which went into effect on April 13, 2010, and can be found on our website, www.marinoware.com. We will also void any job quotes not activated within policy guidelines. In light of the recent market developments, we urge you to review any open job commitments.
Escalators now include July 15%, August 15% and October 5%, and are likely to change as the steel dynamics evolve. Thank you for your continued support!