Synalloy to acquire assets of American Stainless Tubing for $27-28M

Synalloy Corporation's subsidiary ASTI Acquisition signed a definitive agreement to buy substantially all assets of American Stainless Tubing, with the cash price expected between $27 and $28 million and closing expected by January 1, 2019.

“The cash purchase price for the transaction is expected to range between $27 and $28 million including ASTI's right to receive revenue-based earn-out payments over a three-year period following closing.”sec.gov

• 2 sources
• sec.govExhibitDec 4, 2018
• ir.ascentco.comA Subsidiary of Synalloy Corporation Enters into a Definitive Agreement to Acquire the Assets of American Stainless Tubing, Inc. :: Ascent Industries Co. (ACNT)Dec 4, 2018

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