A metal pipe manufacturer recently completed the acquisition of the U.S. stainless steel pipe and galvanized tube operations of an Italian steel processing group, making the combined business the largest domestic producer of welded stainless steel pipe and mechanical tube in North America.
Bristol Metals, LLC, a subsidiary of Synalloy Corporation, purchased the galvanized tube manufacturing equipment and inventory assets of Marcegaglia USA, which includes the company’s facility in Munhall, Pennsylvania. The new business will operate under the name of Bristol Metals.
“We expect the addition of this business to be as incrementally positive to Bristol Metals’ financial results as was our initial transaction with Marcegaglia,” said Craig C. Bram, president and CEO of Synalloy Corporation.
“Our sales team is very familiar with the end markets and customers for these product lines and they look forward to taking this business to the next level,” said Kyle Pennington, President of Synalloy Metals. “This is a natural product line extension for Bristol Metals.”
