Non-Precious Metals & Non-Metallic Mining M&A » By The Online Investor Staff, updated Fri., Apr. 26, 12:49 PM
Recent mergers and acquisitions in the Non-Precious Metals & Non-Metallic Mining M&A category.
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Slide #46. Synalloy Corporation — Palmer of Texas
Acquirer:
Synalloy Corporation (SYNL)
Acquiree:
Palmer of Texas
Details:
Synalloy Corporation announces that it has entered into an agreement to acquire Palmer of Texas ("Palmer"), a leading manufacturer of liquid storage solutions and separation equipment for the petroleum, municipal water, wastewater, chemical and food industries.
Synalloy has two segments, the Metals Segment and the Specialty Chemicals Segment. The Metals Segment includes its subsidiaries: Bristol Metals, LLC, which manufactures welded pipe and tube, primarily from stainless steel, duplex, and nickel alloys; and American Stainless Tubing, LLC, which is a manufacturer of ornamental stainless steel tube, supplying the automotive, commercial transportation, marine, food services, construction, furniture, healthcare, and other industries. The Specialty Chemicals Segment includes its subsidiaries, Manufacturers Chemicals, LLC and CRI Tolling, LLC, which produce specialty formulations and intermediates for use in a variety of applications and industries.
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