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Synalloy Announces Agreement To Acquire Company In Dalton Georgia

SPARTANBURG, S.C., May 31 /PR Newswire/ -- Synalloy Corporation (Nasdaq: SYNC), a producer of specialty chemicals,dyes and pigments, stainless steel pipe, vessels and process equipment,announces that is has signed an agreement to acquire the business and certain assets of Global Chemical Solutions, Inc. Global, which is located in Dalton,Georgia, supplies dyes and chemicals to carpet and rug manufacturers primarily in the Dalton area. The acquired business will relocate to a facility in Dalton that will have warehousing, laboratory, dry blending, sales and administrative functions. Manufacturing will be performed at Manufacturers Chemical, L.P., in Cleveland, Tennessee, a subsidiary of the Company. This arrangement will position Global to provide its customers with more extensive manufacturing capabilities and products while maintaining its loca lwarehousing and technical services. The acquisition is expected to close inmid July. For more information about Synalloy Corporation, please visit our web siteat http://www.synalloy.com.SOURCE Synalloy Corporation Copyright 2001 PR Newswire




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