Kustom Group Announces Price Increase

Kustom Group is announcing an approximate 20% price increase effective Feb. 1, 2011 on its Kustom Blending and Var-Chem line of oil-based products.
    
Since the time that the company announced to the market its last price increase, costs have spiked significantly in the oil-based market. Kustom Group has had multiple increases by the petroleum solvent manufacturers and another huge increase in rosin resin costs. Some of these rosin resin increases are as much as 30%, which is on top of their earlier increases announced in September and October. The rosin resin situation has gotten so bad that some suppliers are putting the customers on allocation. Additional increases have also come from suppliers of vegetable oils, alkyds, waxes, hydrocarbon resins and ink driers. Kustom Group continues to increase the price of each product only by the amount needed.