Profile: Synalloy Corp (SYNL.O)

SYNL.O on Consolidated Issue listed on NASDAQ Global Market

16.59USD
10 Jul 2014
Price Change (% chg)

$0.21 (+1.28%)
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$16.38
Open
$16.18
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$16.80
Day's Low
$16.18
Volume
1,741
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10,530
52-wk High
$17.38
52-wk Low
$13.15

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Synalloy Corporation, incorporated in 1958, operates in two segments: the Metals Segment and the Specialty Chemicals Segment. The Metals Segment operates as Bristol Metals, LLC (Bristol), a wholly owned subsidiary of Synalloy Metals, Inc. and Ram-Fab, LLC (Ram-Fab). Bristol manufactures pipe (BRISMET) and fabricates piping systems (BristolFab) from stainless steel and other alloys, and Ram-Fab fabricates piping systems from carbon, chrome, stainless steel and other alloys. The Metals Segment's markets include the chemical, petrochemical, pulp and paper, mining, power generation (including nuclear), water and wastewater treatment, liquid natural gas (LNG), brewery, food processing, petroleum, pharmaceutical and other industries. The Specialty Chemicals Segment operates as Manufacturers Chemicals, LLC (MC), a wholly owned subsidiary of Manufacturers Soap and Chemical Company, located in Cleveland, Tennessee and Dalton, Georgia. The Specialty Chemicals Segment produces specialty chemicals and dyes for the carpet, chemical, paper, metals, mining, agricultural, fiber, paint, textile, automotive, petroleum, cosmetics, mattress, furniture, janitorial and other industries. On August 21, 2012, the Company acquired Lee-Var, Inc., doing business as Palmer of Texas (Palmer). Effective August 26, 2013, Synalloy Corp acquired CRI Inc.

Metals Segment

The Company’s Metal segment consists of Synalloy Metals, Inc. and Ram-Fab, LLC. The Company’s BRISMET manufactures welded pipe, primarily from stainless steel, but also from other corrosion-resistant metals. Pipe is produced in sizes from 0.5 inch to 120 inches in diameter and wall thickness up to one and 1.5 inches. Sixteen-inch and smaller diameter pipe is made on equipment that forms and welds the pipe in a continuous process. Pipe larger than 16 inches in diameter is formed on presses or rolls and welded on batch welding equipment. Pipe is normally produced in standard 20-foot lengths. BRISMET has capabilities in the production of long length pipe without circumferential welds. Lengths up to 60 feet can be produced in sizes up to 16 inches in diameter. In larger sizes BRISMET has an ability to make 48-foot lengths in diameters up to 36 inches.

Ram-Fab’s carbon and chrome alloy pipe fabrication supports the stainless fabrication business of BristolFab. BristolFab's pipe fabrication shop can make one and 1.5 inch diameter cold bends on 1.5 inch through eight-inch stainless pipe with thicknesses up through schedule 40S. BristolFab's piping systems are also produced from pipe manufactured by BRISMET. From power plants to refineries to chemical plants, Ram-Fab serves a 1.5 range of customers, both domestic and international. This segment's stainless steel products are used principally by customers requiring materials that are corrosion-resistant or suitable for high-purity processes. The largest users are the chemical, petrochemical, pulp and paper, waste water treatment and LNG industries, with some other important industry users being mining, power generation (including nuclear), water treatment, brewery, food processing, petroleum, pharmaceuti al and alternative fuels. The segment's carbon and chrome alloy products are used primarily in the power generation and chemical industries.

Specialty Chemicals Segment

The Company’s Specialty Chemicals segment consisting of its subsidiary, MC, produces over 1,100 specialty formulations and intermediates for use in a variety of applications and industries. MC's primary product lines focus on the areas of defoamers, surfactants and lubricating agents. MC's capabilities also include the sulfation of fats and oils. These products are used in a variety of applications and represent a renewable resource, animal and vegetable derivatives, as alternatives to more expensive and non-renewable petroleum derivatives. In its Dalton, Georgia facility, MC serves the carpet and rug markets and also focuses on processing aids for wire drawing. MC Dalton blends and sells specialty dyestuffs and resells chemicals and specialty chemicals manufactured in MC's Cleveland plant to its markets out of its leased warehousing facility. The Dalton site also contains a shade matching laboratory and sales offices for the group. Both MC sites have chemical storage and blending capabilities. The Specialty Chemicals Segment maintains four laboratories for applied research and quality control.

Company Address

Synalloy Corp

STE 102, 775 SPARTAN BLVD.,,
P O Box 5627
SPARTANBURG   SC   29304
P: +1864.5853605
F: +1864.5961501

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