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Synalloy Corporation Closes on the Purchase of Marcegaglia USA's Stainless Steel Pipe and Tube Operations

Mar 01, 2017 - GlobeNewswire

RICHMOND, Va., March 01, 2017 (GLOBE NEWSWIRE) -- Synalloy Corporation (Nasdaq:SYNL) today announced that its subsidiary Bristol Metals, LLC, has closed on the purchase of Marcegaglia USA's stainless steel pipe and tube operations.  The purchase price for the transaction of $14.95 million includes primarily the stainless steel pipe and tube manufacturing equipment and inventory assets of the business. 

The combined business will operate as Bristol Metals, LLC, with facilities in Bristo...