January 24, 2022
Dear Valued Intermatic Supporter,
Ongoing cost increases, ranging from packaging, international and domestic freight, labor, components, etc. require Intermatic to announce a price increase, effective April 4, 2022.
While Intermatic continues to take steps to control costs and the availability challenges described above, internal margin pressures have been increasing exponentially each month. Intermatic continues to seek
improvement in our cost position through exploring alternate sourcing, manufacturing cost reduction efforts, etc. However, the current conditions in the markets worldwide require additional immediate actions.
Effective April 4, 2022, a weighted average price increase of 6% will be implemented. The specific percentage of the increase by product category or SKU will vary. Although we recognize that this implementation date may differ from the notification requirements of some accounts, it is imperative that we react to the cost increases affecting Intermatic in an immediate way. All orders received on or after April 4th must have updated pricing or the entire order may be rejected.
New electronic price files will be available within the next few weeks and will detail specific price changes. Your local Intermatic representative is available to assist you with any questions you may have regarding this change in pricing.
As we continue to work through the issues described above, we recognize your ongoing support and appreciate the relationship that Intermatic and you have created over the years.
Sincerely,
Steven French | Vice President of Sales