Synalloy Corporation Announces Sale of Its Blackman Uhler Specialties Chemicals Business

SPARTANBURG, S.C., Oct. 5, 2009 (GLOBE NEWSWIRE) -- Synalloy Corporation
(Nasdaq:SYNL), a producer of stainless steel pipe, fabricator of stainless and
carbon steel piping systems, and producer of specialty chemicals, announces that
on October 2, 2009, the Company entered into a Asset Purchase Agreement with
SantoLubes Manufacturing, LLC to sell the specialty chemical business of
Blackman Uhler Specialties, LLC ("BU"), along with certain property, plant and
equipment held by Synalloy Corporation, all located at the Spartanburg, SC
location. The purchase price of approximately $11,200,000, payable in cash, was
equal to the approximate net book values of the assets sold as of the date of
sale, and the Company expects to record a modest loss of less than $250,000
resulting primarily from transaction fees and other costs related to the
transaction. Divesting BU's specialty chemicals business, having annual sales of
approximately $14,500,000, will free up resources and working capital to allow
further expansion into the Company's metals businesses.

For more information about Synalloy Corporation, please visit our web site at
www.synalloy.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

All statements contained in this release that are not historical facts are
"forward-looking statements." The words "estimate," "project," "intend,"
"expect," "believe," "anticipate," "plan" and similar expressions identify
forward-looking statements. The forward-looking statements are subject to
certain risks and uncertainties, including without limitation those identified
below, which could cause actual results to differ materially from historical
results or those anticipated. Readers are cautioned not to place undue reliance
on these forward-looking statements. The following factors could cause actual
results to differ materially from historical results or those anticipated:
adverse economic conditions, the impact of competitive products and pricing,
product demand and acceptance risks, raw material and other increased costs,
customer delays or difficulties in the production of products, unavailability of
debt financing on acceptable terms and exposure to increased market interest
rate risk, inability to comply with covenants and ratios required by our debt
financing arrangements and other risks detailed from time-to-time in Synalloy's
Securities and Exchange Commission filings. Synalloy Corporation assumes no
obligation to update the information included in this release.

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CONTACT: Synalloy Corporation
Greg Bowie
(864) 596-1535