Synalloy's Metals Subsidiaries Awarded $10 Million Chemical Project

SPARTANBURG, S.C., Aug. 1, 2013 (GLOBE NEWSWIRE) -- Synalloy Corporation (Nasdaq:SYNL), a growth oriented company that engages in a number of diverse business activities including the production of stainless steel pipe, fiberglass and steel storage tanks, specialty chemicals and fabrication of stainless and carbon steel piping systems, announces that Synalloy Fabrication recently secured $10 million in new fabrication bookings for a Texas based chemical plant project. This project should ship complete during the next 12 months based on the current schedule. Synalloy Fabrication's backlog now stands at $36 million, an increase of 89% over the backlog of $19 million on January 1, 2013.

Synalloy Fabrication is comprised of BristolFab, located in Bristol, TN. and its sister company Ram-Fab, LLC, in Crossett, AR. Both companies fabricate and cold bend stainless steel, high nickel alloy, chrome and carbon pipe, and piping systems. With over 90 years of fabricating experience, Synalloy Fabrication offers union and non-union fabrication capabilities for both domestic and international projects.

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CONTACT: Rick Sieradzki at (864) 596-1558Source:Synalloy Corporation