Bristol, a subsidiary of Virginia-based Synalloy Corp., last year acquired Marcegaglia’s stainless tubemaking assets at the facility.  
 
“The acquisition of Marcegaglia’s galvanized tube business represents the perfect bolt-on opportunity for Synalloy and Bristol Metals,” said Synalloy president and chief executive Craig Bram. 
 
Bram said that for the past 15 months, Bristol Metals has staffed and managed the operation under a service agreement with Marcegaglia and has “gained extensive knowledge of the product line, the customer base and various end markets.” 
 
The plan is to now ramp up the operation, he said. 
 
“The high-frequency mills and associated equipment that will be part of the acquisition are not currently operating at full capacity. Additionally, Bristol Metals recently purchased a high frequency Oto tube mill which we plan to commission in the fourth quarter,” he said.  
 
“The excess capacity and low manufacturing cost of these high-frequency lines will enable us to further penetrate the market for galvanized tubing and begin immediate production of ornamental stainless steel pipe and tube.” 
 
Bram also said the acquisition will supplement capacity to meet new demand arising from the Section 232 tariffs.