Synalloy
Synalloy Corporation is a growth oriented company that engages in a number of diverse business activities including the production of stainless steel pipe, fiberglass and steel storage tanks, specialty chemicals and fabrication of stainless and carbon piping systems.
Latest News
Bristol Metals Finalizes Purchase of Galvanized Tube Business
05 July 2018 - Bristol Metals LLC has closed on its acquisition of Marcegaglia USA’s galvanized tube business, the company has announced.
Synalloy Expands on Marcegaglia U.S. Pipemaking Acquisition
29 May 2018 - Stainless and alloy pipe maker Bristol Metals LLC is rounding out its acquisition of Marcegaglia’s U.S. manufacturing operation, acquiring its galvanized tube operations near Pittsburgh, Pa., USA for US$10 million. The company also is acquiring the physical plant through a separate sale-leaseback arrangement for an additional US$10 million.
Universal Stainless Says No to Merger Offer
29 June 2017 - Universal Stainless & Alloy Products Inc. has rejected an unsolicited merger offer from Synalloy Corp., saying that the proposed deal held no merit, the company said on Thursday.
Completed Acquisition Expands Synalloy Subsidiary's Capacity, Capabilities
02 March 2017 - Synalloy Corp. subsidiary Bristol Metals has closed on its US$14.95 million acquisition of Marcegaglia USA’s pipe and tube operation in Pittsburgh, Pa., USA. The completed merger forms North America’s largest domestic producer of welded stainless pipe and mechanical tube, the company announced on Wednesday.
Synalloy Names New Chief Financial Officer
15 July 2015 - Synalloy, a company that engages in a number of diverse business activities including the production of stainless steel pipe, fiberglass and steel storage tanks, and specialty chemicals and the master distribution of seamless carbon pipe and tube, is pleased to announce that effective immediately, Dennis M. Loughran has joined the company as Senior Vice President and Chief Financial Officer.
Synalloy's BRISMET Unit Adding Heavy Wall Pipe Capability
09 July 2015 - Synalloy Corporation, a growth oriented company that engages in a number of diverse business activities including the production of stainless steel pipe, fiberglass and steel storage tanks, and specialty chemicals and the master distribution of seamless carbon pipe and tube, is pleased to announce that its BRISMET unit is adding a heavy wall welded pipe production shop in Bristol, TN.
Synalloy Reports 16% Adjusted EBITDA Gain for the First Quarter of 2015
29 April 2015 - Synalloy Corp., a growth-oriented company that engages in a number of diverse business activities including the production of stainless steel pipe, fiberglass and steel storage tanks, and specialty chemicals and the master distribution of seamless carbon pipe and tube, announced that the first quarter of 2015 produced net sales of $51,648,000, an increase of $1,852,000 or 4% when compared to net sales from continuing operations for the first quarter of 2014 of $49,796,000. For the first quarter of 2015 the Company recorded net income of $3,638,000, or $0.42 per share compared to net income from continuing operations of $2,249,000, or $0.26 per share for the same quarter in the prior year.
Synalloy Reports Substantial Gains in Profits From Continuing Operations for Both the Fourth Quarter and Year of 2014
09 February 2015 - Synalloy Corp. (Nasdaq:SYNL), a growth oriented company that engages in a number of diverse business activities including the production of stainless steel pipe, fiberglass and steel storage tanks, and specialty chemicals along with the distribution of seamless carbon pipe, announces that the fourth quarter of 2014 produced net sales from continuing operations of $48,569,000, an increase of $2,167,000 or 5% when compared to net sales from continuing operations for the fourth quarter of 2013 of $46,402,000.
Synalloy Acquires Specialty Pipe & Tube Inc.
28 November 2014 - Synalloy Corporation, a company that engages in a number of diverse business activities including the production of stainless steel pipe, fiberglass and steel storage tanks, and specialty chemicals, has acquired Specialty Pipe & Tube Inc. Specialty is a master distributor of seamless carbon pipe, with a focus on heavy wall, large diameter products.
Synalloy Completes Sale of Ram-Fab
04 September 2014 - Synalloy Corporation, a company that engages in a number of diverse business activities including the production of stainless steel pipe, fiberglass and steel storage tanks, and specialty chemicals, announced the sale of Ram-Fab LLC in Crossett, Ark., to a subsidiary of Primoris Services Corp.
Commerce Preliminarily Finds Dumping of Imports of Welded Stainless Pressure Pipe
03 January 2014 - The U.S. Commerce Department determined that welded stainless pressure pipe from Malaysia, Thailand, and Vietnam has been sold in the United States at dumped margins.
Synalloy Updates Fourth Quarter Outlook
26 December 2013 - Synalloy Corporation announced that it is now projecting a loss on an adjusted net earnings basis for the fourth quarter of this year.
Synalloy's Metal Subsidiaries Awarded US$22.5 Million for Two Fabrication Projects
16 August 2013 - Synalloy Corporation, a company that engages in a number of diverse business activities including the production of stainless steel pipe, fiberglass and steel storage tanks, specialty chemicals and fabrication of stainless and carbon steel piping systems, announced that its Synalloy Fabrication subsidiary secured US$22.5 million in new fabrication bookings in the past two weeks.
Synalloy Reports Second Quarter Results, Provides Outlook
22 July 2013 - As it reported its second quarter earnings results, Synalloy Corp. said margins in the first half of the year were affected by foreign imports, especially reduced price pipe from from Malaysia, Vietnam and Thailand.
Synalloy's Metals Subsidiary Awarded $6.0 Million in International Fabrication Additions to Mexican Project
20 May 2013 - Synalloy Corporation announced that its Synalloy Metals' fabrication subsidiary has been awarded an additional contract on an international project.
Synalloy Reports Double Digit Sales Increases
23 July 2012 - Synalloy Corporation, a U.S. producer of stainless steel pipe, fabricator of stainless and carbon steel piping systems, and producer of specialty chemicals, announced that the second quarter of 2012 produced net sales of $46.9 million, up 13% compared to net sales of $41.4 million for the second quarter of 2011.
