Dear Shareholders and Investors:
On behalf of the Board of Directors and our employees, I would like to welcome you to our Synalloy Investor Relations Home Page. If you are already a shareholder in Synalloy, we thank you for your confidence in our Company. If you are considering an investment in Synalloy, we trust that you will find the information that you need to make an informed decision. If we can help you better understand our Company, feel free to contact us at any time.
While we have many constituents who are served by Synalloy's activities, our primary goal is to maximize the value of the Company to its shareholders. Our management team is driven to achieve continuous improvement in each of our operating businesses. With a long and proud history in the Metals, Chemicals, Liquid Storage Tank and Separation Equipment industries, customers have come to rely on the quality of our products and our high level of service.
We are actively seeking opportunities to grow our existing businesses, both organically and through acquisitions. In addition, further diversification of our portfolio of operating companies is a high priority. With a strong financial position and dedicated employees, we are excited about Synalloy's future.
We appreciate your interest in Synalloy and look forward to a long and rewarding relationship.
Craig C. Bram
Chief Executive Officer and President
The Metals Segment is comprised of Bristol Metals, LLC, Palmer of Texas Tanks, Inc. and Specialty Pipe & Tube, Inc.. Bristol Metals, LLC produces welded stainless duplex and nickel alloy steel pipe at its manufacturing facility in Bristol, TN for consumption throughout the world. Palmer of Texas manufactures steel and fiberglass storage tanks and separation equipment at the Andrews, TX manufacturing facility. Specialty Pipe & Tube is the country’s leading provider in large diameter, heavy wall carbon steel pipe and tubing at its distribution facilities in Mineral Ridge, OH and Houston, TX. The major markets for our pipe, manufactured storage tanks and separation equipment include chemical, petrochemical, pulp and paper, mining, power generation including nuclear, wastewater treatment, liquid natural gas, brewery, food processing, petroleum, pharmaceutical, heavy equipment and other industries.
The Chemicals Segment is comprised of Manufacturers Chemicals, LLC and CRI Tolling, LLC. Manufacturers Chemicals operates facilities in Cleveland, TN and in Dalton, GA. Manufacturers Chemicals is a full service chemical manufacturer with high-temperature reaction vessels, extensive blending and mixing vessels, powder blending capabilities and a variety of methods for particle size reduction. CRI is a high quality toll manufacturer that provides outside manufacturing resources to large global chemical companies with multiple business units and/or medium size chemical companies with focused market segments at its manufacturing facilities in Fountain Inn, SC. The major markets for our chemicals group include paper, carpet, textile, industrial chemicals, metal working, household, industrial and institutional, petroleum and mining, latex additives, agrochemical, anti-microbial, automotive, coatings, corrosion inhibitors, detergents & cleaning solutions, flame retardants, FIFRA, lubricants & hydraulics, urethanes, water treatment, dyes, Inks, pigments, and industrial packaging.
Sep 1, 2016
Synalloy Closes on ABL Credit Facility for $45.0 Million and Signs Purchase and Sale Agreement on Sale-Leaseback for $22.0 Million with Closing Expected October 2016
Aug 9, 2016
Synalloy Reports Second Quarter 2016 Results: Weak Economic Fundamentals Drive Depressed Sales and Profits - Lowered Expectations for Full Year 2016
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