# Synalloy acquires specialty chemicals manufacturer DanChem for $32.95M

Synalloy Corporation acquired DanChem, a specialty chemicals contract manufacturer with three plants in Danville, Virginia, for $32.95 million. The acquisition closed on October 22, 2021.

- Type: Acquisition
- Announced: 2021-10-22
- Where: Danville, Virginia, United States
- Value: $33.0M
- Jobs: 120
- Status: completed
- Products: specialty chemicals
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Synalloy Corporation](https://endata.com/companies/20673.md) (acquirer)
- [DanChem](https://endata.com/companies/58669.md) (target)

## Sources

- [ir.ascentco.com](https://ir.ascentco.com/news-events/press-releases/detail/18/synalloy-acquires-leading-specialty-chemicals-contract), 2021-10-25: "Synalloy Corporation has acquired DanChem to accelerate product development capabilities and provide entrance into new end-markets and applications."
- [businesswire.com](https://www.businesswire.com/news/home/20211025005193/en/Synalloy-Acquires-Leading-Specialty-Chemicals-Contract-Manufacturer-DanChem), 2021-10-25: "DanChem is a leading, full-service specialty chemicals contract manufacturing organization with three production plants located on an owned 55-acre campus in Danville, Virginia."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.