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Dyeing Printing & Finishing

Synalloy Rite Cancel Deal To Combine Dye Businesses

Synalloy Corp., Spartanburg, reports the previously announced deal with Rite Industries Inc., High Point, N.C., whereby Synalloys Blackman Uhler dye business and Rites dye business were to be combined, is now highly unlikely. The original agreement stated the new company, Blackman Uhler LLC, would be structured to offer a more diverse product line with stronger selling and technical support capabilities. The two parties continue to investigate future potential transactions, but no decisions or agreements have been reached at this time.


June 2003




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