SUMMARY
This summary provides a general description of the securities we may offer. This summary is not complete and does not contain all of the
information that may be important to you. For a more complete understanding of us and the terms of the securities we will offer, you should read carefully this entire prospectus, including the Risk Factors section, the applicable
prospectus supplement for the securities, any related free writing prospectus, and the other documents we refer to and incorporate by reference. In particular, we incorporate important business and financial information into this prospectus by
reference.
Business Overview
We
are a growth oriented company that engages in a number of diverse industrial businesses. The company currently operates in two segments: Metals and Specialty Chemicals. Our Metals segment (Synalloy Metals) manufactures welded pipe and
tube from stainless steel, galvanized steel and other specialty alloys. It also operates a master distributorship that supplies heavy wall, large diameter seamless carbon tube and pipe. In addition, Synalloy Metals manufactures fiberglass and steel
liquid storage tanks and separation equipment. The principal markets for Synalloy Metals include energy, chemical, petrochemical, mining, power generation, liquid natural gas and liquefaction, water and waste water treatment, and pulp and paper. Our
Specialty Chemicals segment (Synalloy Specialty Chemicals) produces specialty chemicals principally for the paper, mining, agriculture, paint, oil and gas and chemical industries. The primary product lines include defoamers, surfactants,
lubricants, corrosion inhibitors and biocides.
Synalloy Metals
Synalloy Metals consists of Bristol Metals, LLC (Brismet), Palmer of Texas Tanks, Inc. (Palmer), Specialty
Pipe & Tube, Inc. (Specialty), and American Stainless Tubing, LLC (ASTI). Brismets operations include the manufacturing of welded pipe from stainless steel and other specialty alloys; Palmer manufactures
fiberglass and steel liquid storage solutions and separation equipment; Specialty is a master distributor of seamless carbon tube and pipe; and, ASTI is a manufacturer of
high-end
ornamental welded stainless
steel tubing.
Brismets stainless steel products are used principally by customers requiring materials that are corrosion-resistant
or suitable for high-purity processes. The largest users are the chemical, petrochemical, pulp and paper, waste water treatment and liquid natural gas industries. Other important users are in industries relating to mining, power generation
(including nuclear), water treatment, brewery, food processing, petroleum, pharmaceutical and alternative fuels.
Palmers liquid
storage solutions and separation equipment are significantly focused on providing fiberglass and steel tanks to the oil and gas industry, and are also used in the municipal water, wastewater, chemical and food industries. Additionally, Palmer offers
a full range of related services, including transportation, installation and field repairs, giving it a
one-stop
shopping advantage.
Specialty distributes seamless carbon tube and pipe, with a focus on heavy wall, large diameter products. The end markets for Specialtys
products include oil and gas, heavy equipment and other industrial businesses where high-pressure applications are required.
ASTIs
stainless steel ornamental products are used principally by customers in the automotive, marine, food services, construction, furniture, and healthcare industries.
Synalloy Specialty Chemicals
Synalloy Specialty
Chemicals consists of Manufacturers Chemicals, LLC (MC) and CRI Tolling, LLC (CRI). MC is a contract manufacturer that produces over 1,100 specialty chemical formulations and intermediates for use in a wide variety of
applications and industries; and CRI is a toll manufacturer that provides outside chemical manufacturing resources to global and regional chemical companies.