Press Releases

RICHMOND, Va. --(BUSINESS WIRE)--Jun. 30, 2020-- Synalloy Corporation (Nasdaq: SYNL) (“Synalloy” or the “Company”) today announced preliminary voting results from its 2020 Annual Meeting of Shareholders (the “Annual Meeting”), held Tuesday, June 30, 2020 .

Synalloy Urges Shareholders to Vote For A Board Consisting of a Majority of Incumbent Directors RICHMOND, Va. --(BUSINESS WIRE)--Jun. 24, 2020-- The Board of Directors (the “Board”) of Synalloy Corporation (Nasdaq: SYNL) (“Synalloy” or the “Company”) today issued a letter to shareholders

Glass Lewis Recommends that Shareholders Vote “FOR” Director Nominees Craig Bram , Susan Gayner , Henry Guy , Jeff Kaczka and Amy Michtich RICHMOND, Va. --(BUSINESS WIRE)--Jun. 23, 2020-- Synalloy Corporation (Nasdaq: SYNL) (“Synalloy” or the “Company”) today welcomed independent proxy advisory

ISS Recommends that Shareholders Vote “FOR” Director Nominees Craig Bram , Susan Gayner , Henry Guy , Jeff Kaczka and Amy Michtich Synalloy Applauds ISS’s Support for Synalloy’s CEO and the Majority of the Company’s Nominees RICHMOND, Va. --(BUSINESS WIRE)--Jun.

VOTE on the BLUE Proxy Card Today for Synalloy’s Highly Qualified Candidates Synalloy Urges Shareholders to Revoke Votes on Privet’s and UPG’s WHITE Card by Voting Synalloy’s BLUE Card RICHMOND, Va. --(BUSINESS WIRE)--Jun. 19, 2020-- Synalloy (Nasdaq: SYNL) (“Synalloy” or the “Company”), today

Synalloy Will Only Allocate Votes to Five of Its Nominees, Ensuring Privet and UPG Will Elect Three Directors to Synalloy’s Eight-Person Board at the Annual Meeting Synalloy’s Board Will Also Appoint a New Chairman Immediately After the Annual Meeting RICHMOND, Va. --(BUSINESS WIRE)--Jun.

Synalloy Will Appoint Three of Privet’s and UPG’s Nominees to Its Board, Regardless of the Outcome of the Shareholder Vote at This Year’s Annual Meeting Synalloy Will Cumulate Votes for the Election of Nominees Craig Bram , Susan Gayner , Henry Guy , Jeff Kaczka and Amy Michtich   Synalloy’s New

Synalloy Applauds ISS’s Analysis Rejecting the Dissidents’ Desire for Disproportionate Representation, a Majority Change to the Board and Replacement of the CEO Synalloy Cautions Shareholders that the Dissidents Could Elect a Majority of Synalloy’s Board Even with Modest Shareholder Support Because

Notes that Privet and UPG Have Steadfastly Refused to Provide Any Detailed Information on UPG’s Performance or Mr. Hutter’s Background Even As Privet and UPG Summarily Proclaim that UPG’s Supposed Success and Mr. Hutter Are the Key Reasons to Vote for the Dissidents The Unusual System of Cumulative

RICHMOND, Va. --(BUSINESS WIRE)--Jun. 9, 2020-- Synalloy Corporation (Nasdaq: SYNL) (“Synalloy” or the “Company”) today expressed its concern about false and materially misleading statements made by Privet Fund Management LLC and UPG Enterprises LLC (“Privet” and “UPG,” and together, the “Dissident

Presentation Highlights Synalloy’s Outperformance in Both Peak and Trough Periods of the Business Cycle Highlights Privet/UPG’s Disingenuous Campaign to Gain Control of Synalloy’s Board and Business Without Paying Shareholders a Premium Addresses the Lack of Substance in Privet/UPG’s Stated

Contrasts Actions Taken by Synalloy’s Board to Drive Value for All Shareholders Urges Shareholders to Sign, Date and Promptly Return the BLUE Proxy Card to Support Synalloy’s Independent, Experienced and Highly Qualified Directors RICHMOND, Va. --(BUSINESS WIRE)--May 19, 2020-- Synalloy Corporation

Continues to see benefits of proactive cost cutting Specialty Chemicals Segment net sales increase on higher demand for more value added contract manufactured products Backlog and order activity in Metals and Specialty Chemicals Segments remain encouraging RICHMOND, Va.

  Examines Privet’s and UPG’s Nominees’ Lack of Qualifications and Their Efforts to Seize Control of the Board and Business of Synalloy Without Paying Shareholders Any Premium Highlights the Proactive Steps Taken by the Board and Management Team of Synalloy to Maximize Value, Including by Exploring

RICHMOND, Va. --(BUSINESS WIRE)--Apr. 27, 2020-- Synalloy Corporation (Nasdaq:SYNL) plans to announce its first quarter 2020 earnings results in a press release that will be issued before the market opens on Tuesday, May 5, 2020 . Following the earnings release, Synalloy will conduct a conference

Recommends Shareholders Sign, Date, and Promptly Return the BLUE Proxy Card to Support Synalloy’s Independent, Experienced and Highly Qualified Directors RICHMOND, Va. --(BUSINESS WIRE)--Apr. 15, 2020-- The Board of Directors (the “Board”) of Synalloy Corporation (Nasdaq: SYNL) (“Synalloy” or the

Synalloy Shareholders Reminded to Look for the Company’s BLUE Proxy Card for the 2020 Annual Meeting of Shareholders RICHMOND, Va. --(BUSINESS WIRE)--Apr. 6, 2020-- The Board of Directors (“the Board”) of Synalloy Corporation (NASDAQ: SYNL) (“Synalloy” or the “Company”) today reminded shareholders

Privet and UPG Continue to Ignore Company Overtures, Including the Board’s Fair & Reasonable Proposal to Avoid Costly and Distracting Proxy Fight Warns Shareholders that Privet’s and UPG’s Hostile Effort to Seize Control Over the Board and Business of Synalloy Offers - at Best - a Speculative Plan

  Suspends Manufacturing Operations at Palmer of Texas RICHMOND, Va. --(BUSINESS WIRE)--Apr. 2, 2020-- Synalloy Corporation (Nasdaq: SYNL) announced today that first quarter shipments for the Metals Segment (excluding Palmer of Texas ) were up 3.6% on a pounds basis over last year.

RICHMOND, Va. --(BUSINESS WIRE)--Apr. 1, 2020-- Synalloy Corporation (“Synalloy” or the “Company”) announced today that its Board of Directors unanimously authorized the adoption of a limited duration shareholder rights plan. The rights will be issued to shareholders of record on April 10, 2020 and