Someone Says They Have 2 Million N95 Masks for Sale. the Asking Price Is Six Times the Usual Cost.
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The Texas Tribune
In normal times, an N95 face mask would cost a big corporation a buck or less — particularly if it ordered a million of them.
But these aren’t normal times, and the pitch from industrial supplier Hatfield and Co. to sell as many as 2 million masks to a major U.S. oil company last week wasn’t your typical offer. The Texas-based supplier wanted $6.3 million for a minimum order of 1 million masks, with an option of buying 2 million for nearly $13 million, sales documents and interviews indicate.
At a time when the new coronavirus is rapidly spreading across the country and health care professionals are desperate for these face masks — which filter out at least 95% of airborne particles — to protect sick people and themselves, critics say a price like that smacks of profiteering and price gouging by someone in the supply chain.
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The Texas Tribune
In normal times, an N95 face mask would cost a big corporation a buck or less — particularly if it ordered a million of them.
But these aren’t normal times, and the pitch from industrial supplier Hatfield and Co. to sell as many as 2 million masks to a major U.S. oil company last week wasn’t your typical offer. The Texas-based supplier wanted $6.3 million for a minimum order of 1 million masks, with an option of buying 2 million for nearly $13 million, sales documents and interviews indicate.
At a time when the new coronavirus is rapidly spreading across the country and health care professionals are desperate for these face masks — which filter out at least 95% of airborne particles — to protect sick people and themselves, critics say a price like that smacks of profiteering and price gouging by someone in the supply chain.
Read More →
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