Synalloy Announces Agreement to Acquire Palmer of Texas for $25.6M; Sees Deal Adding $0.30 to FY EPS

Synalloy Corporation SYNL, a producer of stainless steel pipe, fabricator of stainless and carbon steel piping systems, and producer of specialty chemicals, announces that it has entered into an agreement to acquire Palmer of Texas ("Palmer"), a leading manufacturer of liquid storage solutions and separation equipment for the petroleum, municipal water, wastewater, chemical and food industries.