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Synalloy acquires manufacturing facility

11:46 AM MDT | August 29, 2013 | Vincent Valk

Synalloy has acquired the production and business assets, including a plant in South Carolina, of Color Resources (CRI; Spartanburg, SC), for a total purchase price of $4.55 million. The price includes $3.45 million for a 135,000–sq foot facility with manufacturing, warehousing, and research capabilities and $1.1 million for equipment and accounts. CRI’s operations will continue as CRI Tolling, a part of Synalloy’s specialty chemicals division. The division makes defoamers, surfactants, and lubricants, mostly for industrial customers. CRI...

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