Synalloy's Bristol Metals buys Marcegaglia USA's pipe and tube operations for $14.95 million

Synalloy Corporation's subsidiary Bristol Metals, LLC closed on the purchase of Marcegaglia USA's stainless steel pipe and tube operations for $14.95 million, creating the largest domestic producer of welded stainless steel pipe and mechanical tube in North America.

“The combined capacity of the two operations will exceed 70 million pounds annually across all product lines.”sec.gov

• 3 sources
• sec.govExhibitMar 1, 2017
• thefabricator.comSynalloy subsidiary purchases Marcegaglia USA’s stainless pipe/tube operationsMar 1, 2017
• sec.govASCENT INDUSTRIES CO. Form 8-K filed March 6, 2017Mar 6, 2017

Summarized from public sources; check the original articles before acting on it.