Synalloy Corporation announced the acquisition of the business of Ram Fab Inclast week.

The company has sales of approximately USD 18,000,000 and is profitable. Its primary business is fabrication of carbon pipe which is a product line that Synalloy's Board of Directors and management believe is strategically important for future growth. The business will complement the stainless steel pipe fabrication of the Company's Bristol Metals operation.

Management is optimistic about the ability of Bristol's much larger marketing organization to generate additional sales of carbon fabrication for the acquired business from Bristol's present customer base. The acquisition should also generate new opportunities in stainless steel pipe fabrication since many projects require that bidders quote both carbon and stainless steel fabrication. The ability to bid on carbon pipe fabrication will significantly expand the company's markets, especially in the energy and chemical industries.

The management team of Ram Fab will continue to manage the business and report to the president of Bristol Metals. The acquisition is for cash and will be paid from currently available funds.