CORRECTED RELEASE – Synalloy Announces ASTI Closing; Projections for 2018 and 2019
Synalloy Corporation (SYNL)
US:NASDAQ Investor Relations:
investor.synalloy.com/investor-relations
Company Research
Source: GlobeNewswire
RICHMOND, Va., Jan. 04, 2019 (GLOBE NEWSWIRE) -- This press release corrects a prior version published on January 3, 2019. This corrected press release includes the Reconciliation of Forecasted 2018 and 2019 Net Income to Adjusted EBITDA table at the bottom of the Press Release. The corrected release reads: Synalloy Announces ASTI Closing; Projections for 2018 and 2019 RICHMOND, VA, January 4, 2019 (GLOBE NEWSWIRE) -- Synalloy Corporation is pleased to announce that its wholly-owned subsidiary, ASTI Acquisition, LLC (to be re-named American Stainless Tubing, LLC), completed the acquisition of substantially all of the assets of American Stainless Tubing Inc. (ASTI) on January 2, 2019, with an effective date of January 1, 2019. “We are very excited to add ASTI’s operations and its employees to the Synalloy family and look forward to a solid contribution from this unit in 2019 and beyond,” said Craig C. Bram, Synalloy’s President and CEO. The Company is also pleased to announce
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