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Date: May 6, 2016 To: Our Valued Customers Re: Price Increase Announcement – 15%+ Effective July 1, 2016 Due to continued cost increases on steel, Marino\WARE will raise prices a MINIMUM of 15% on all metal framing and plastering steel components, effective July 1, 2016. Certain regions will be higher due to wholesale changes in how steel must now be sourced. Price pages will be distributed by end of May, which will ultimately establish the effective prices for July 1. Marino\WARE will honor all quotations activated in accordance with the “quote activation policy,” which went into effect on April 13, 2010, and can be found on our website, www.marinoware.com. We will 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 with your contractors. Escalators now include June 15%, July 15% and October 5%, and are likely to change as the steel dynamics evolve. Thank you for your continued support! Sincerely, Marino\WARE Sales Management Team Gerry Compton Bill Mayne Mike Fenbert Evan Keebler VP Northeast VP Southeast VP Midwest VP South Central

Date: May 6, 2016 - Hines Supply · 5/6/2016  · Date: May 6, 2016 To: Our Valued Customers Re: Price Increase Announcement – 15%+ Effective July 1, 2016 Due to continued cost

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Page 1: Date: May 6, 2016 - Hines Supply · 5/6/2016  · Date: May 6, 2016 To: Our Valued Customers Re: Price Increase Announcement – 15%+ Effective July 1, 2016 Due to continued cost

Date: May 6, 2016 To: Our Valued Customers

Re: Price Increase Announcement – 15%+ Effective July 1, 2016 Due to continued cost increases on steel, Marino\WARE will raise prices a MINIMUM of 15% on all metal framing and plastering steel components, effective July 1, 2016. Certain regions will be higher due to wholesale changes in how steel must now be sourced. Price pages will be distributed by end of May, which will ultimately establish the effective prices for July 1. Marino\WARE will honor all quotations activated in accordance with the “quote activation policy,” which went into effect on April 13, 2010, and can be found on our website, www.marinoware.com. We will 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 with your contractors. Escalators now include June 15%, July 15% and October 5%, and are likely to change as the steel dynamics evolve. Thank you for your continued support! Sincerely, Marino\WARE Sales Management Team Gerry Compton Bill Mayne Mike Fenbert Evan Keebler VP Northeast VP Southeast VP Midwest VP South Central