Synalloy inks $25.6M deal for Texas firm

Aug 13, 2012 | 03:25 PM | Michael Cowden

Tags  Synalloy, Craig C. Bram, Palmer of Texas, storage, separation, oil, energy, fibreglass steel tanks

CHICAGO — Synalloy Corp. has agreed to acquire storage and separation equipment manufacturer Palmer of Texas in a cash deal valued at about $25.6 million, the company said Monday.

Spartanburg, S.C.-based Synalloy, which produces stainless steel pipe and fabricates stainless and carbon steel piping systems, said the transaction—which is expected to close Aug. 25—would provide an immediate boost to earnings.....

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