14
Dec
17:20
Synalloy to buy Marcegaglia USA's stainless lines
US specialty carbon and alloy pipe maker Synalloy Corporation plans to purchase the stainless assets Marcegaglia USA, Kallanish learns from a company release.
The purchase, which Synalloy expects will total between $15-16 million, does not include Marcegaglia’s galvanized and ornamental tubular product lines.
The acquisition will be spearheaded by Synalloy subsidiary Bristol Metals, and it is slated to close 1 March.
"This deal fits well in the …
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