Synalloy's subsidiary Bristol Metals has been awarded an $8 million tubing order, the largest of its type since acquisition. Production will occur at Bristol, TN and Munhall, PA facilities, with shipping starting in August 2018 and continuing through the remainder of the year.
Synalloy Corporation's subsidiary Bristol Metals agreed to purchase Marcegaglia USA's real estate property in Munhall, Pennsylvania for $10.0 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.
Synalloy Corporation, through its subsidiary Bristol Metals, signed a definitive agreement to acquire the stainless steel pipe and tube operations of Marcegaglia USA for $15-16 million, expected to close by March 1, 2017.