Date: January 27, 2017
Subject: URGENT – Chicago Faucets Pricing Update
To: Chicago Faucets Customers
From: Patrick Kimener, Senior VP of Sales
Please be advised that recent changes in commodity prices have made it necessary for Chicago Faucets to revise our pricing for 2017. Specifically, the price of copper has increased 25% over 2016 levels and has remained elevated since October 2016. This change has increased the price for brass-based products and components significantly.
Therefore, the prices we published on January 16, 2017 will not go into effect on February 1. Instead, Chicago Faucets will honor 2016 pricing through March 2017 and publish a new price list effective April 1, 2017. At that time, prices for Chicago Faucets fittings will increase between 0% and 4%. The updated price list will be available on RepNet no later than March 1.
Until that time, for current pricing please continue to refer to the 2016 List Price file.
We apologize for any difficulty caused by this change. If you have any questions regarding Chicago Faucets pricing, please contact your Chicago Faucets Representative. Thank you for your continued support.
PLEASE DISCARD THE PREVIOUSLY DISTRIBUTED 2/1/17 PRICE LIST.
RETAIN THE 2016 PRICE LIST THROUGH MARCH 2017.
PRIOR TO THE EFFECTIVE DATE OF APRIL 1ST WE WILL HAVE A NEW PRICE LIST FILE AVAILABLE.
Matt Davis
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