Synalloy to acquire Marcegaglia’s stainless pipe and tube operations

Synalloy Corp., a Richmond, Va.-based company that produces stainless steel pipe, fiberglass and steel storage tanks, and specialty chemicals and distributes seamless carbon pipe and tubing, has announced that, through its subsidiary Bristol Metals LLC, it has signed a definitive agreement to acquire the stainless steel pipe and tube operations of Marcegaglia USA.

The transaction is expected to close by March 1, 2017. The agreement will be structured as an asset purchase and will exclude galvanized product and ornamental tubing products.

Kyle Pennington, president of Synalloy Metals, said, “It has been Bristol Metals’ ultimate goal to become the preeminent manufacturer of stainless steel pipe and tube in North America. We will work with the team at Marcegaglia’s Munhall, Pa., facility to drive continued improvements in our core initiatives, with an emphasis on customer service.”