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Synalloy Completes Sale of Ram-Fab
09/04/2014 - Synalloy Corporation, a company that engages in a number of diverse business activities including the production of stainless steel pipe, fiberglass and steel storage tanks, and specialty chemicals, announced the sale of Ram-Fab LLC in Crossett, Ark., to a subsidiary of Primoris Services Corp.
The transaction closed on 29 August 2014 and was valued at less than US$10 million.
"The sale of Ram-Fab completes Synalloy's exit from the custom piping systems fabrication business," said Craig Bram, Synalloy's president and CEO. "Ram-Fab's personnel and customers are in excellent hands with the Primoris team, while the sale of Ram-Fab allows Synalloy to redirect both capital and management resources to other opportunities within the company."
"The sale of Ram-Fab completes Synalloy's exit from the custom piping systems fabrication business," said Craig Bram, Synalloy's president and CEO. "Ram-Fab's personnel and customers are in excellent hands with the Primoris team, while the sale of Ram-Fab allows Synalloy to redirect both capital and management resources to other opportunities within the company."
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