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United States

Profile: Synalloy Corp (SYNL.O)

SYNL.O on Consolidated Issue listed on NASDAQ Global Market

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26 Jul 2016
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Synalloy Corporation, incorporated on March 15, 1988, is a chemical manufacturing company. The Company operates through two segments: the Metals Segment and the Specialty Chemicals Segment. The Metals Segment manufactures stainless steel, other alloy pipe, storage solutions and separation equipment. The Specialty Chemicals Segment manufactures lubricants, surfactants, reaction intermediaries, sulfated fats and oils, and chemical tolling manufacturing resources.

Metals segment

The Company's Metals Segment comprises three subsidiaries: Synalloy Metals, Inc., which owns Bristol Metals, LLC (BRISMET), located in Bristol, Tennessee; Palmer of Texas Tanks, Inc. (Palmer), located in Andrews, Texas; and Specialty Pipe & Tube, Inc. (Specialty), located in Mineral Ridge, Ohio and Houston, Texas. BRISMET manufactures welded pipe, primarily from stainless steel, but also from other corrosion-resistant metals. Pipe is produced in sizes from one-half inch to 120 inches in diameter and wall thickness up to approximately one and one-half inches. Palmer is a manufacturer of fiberglass and steel storage tanks for the oil and gas, wastewater treatment and municipal water industries. Palmer produces made-to-order fiberglass tanks, utilizing a range of custom mandrels and application specific materials. Its fiberglass tanks range from 2 feet to 30 feet in diameter at various heights. These tanks are used for oil field waste water capture and is an integral part of the environmental regulatory compliance of the drilling process.

Specialty is a distributor of hot finish, seamless, carbon steel pipe and tubing, with a focus on large outside diameters and heavy wall thickness. Specialty's products are primarily used for mechanical and high-pressure applications in the oil and gas, capital goods manufacturing, heavy industrial, construction equipment, paper and chemical industries. Specialty serves the industrial and energy regions across the United States.

Specialty Chemicals Segment

The Company's Specialty Chemicals segment consists of the Company's subsidiary, Manufacturers Soap and Chemical Company (MS&C). MS&C owns the membership interests of Manufacturers Chemicals, LLC (MC), which has a production facility in Cleveland, Tennessee and a warehouse in Dalton, Georgia. This segment also includes CRI Tolling, LLC (CRI Tolling), which is located in Fountain Inn, South Carolina. MC manufactures lubricants, surfactants, defoamers, reaction intermediaries, and sulfated fats and oils. CRI Tolling provides chemical tolling manufacturing resources to global and regional companies and contracts with other chemical companies to manufacture certain pre-defined products.

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. The Specialty Chemicals Segment also maintains approximately two laboratories for applied research and quality control.

Company Address

Synalloy Corp

775 Spartan Blvd Ste 102
PO Box 5627
SPARTANBURG   SC   29304-5627
P: +1864.5853605
F: +1864.5961501

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