Synalloy Corporation (NASDAQ:SYNL) Files An 8-K Financial Statements and Exhibits

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Synalloy Corporation (NASDAQ:SYNL) Files An 8-K Financial Statements and Exhibits

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

(a) Financial Statements of Business Acquired
The following audited financial statements of the carved out
Stainless-Steel Operations of MUSA (with independent auditors’
report thereon) is attached hereto as Exhibit 99.1 and incorporated
by reference herein:
Balance Sheet as of December 31, 2016.
Statement of Operations for the year ended December 31, 2016.
Statement of Changes in Invested Equity for the year ended December
31, 2016.
Statement of Cash Flows for the year ended December 31, 2016.
Notes to Financial Statements.
(b) Pro Forma Financial Information
The following unaudited pro forma financial information of Synalloy
is attached hereto as Exhibit 99.2 and incorporated by reference
herein:
Unaudited Pro Forma Condensed Combined Consolidated Balance
Sheet as of December 31, 2016.
Unaudited Pro Forma Condensed Combined Consolidated
Statement of Operations for the year ended December 31,
2016.
Notes to Unaudited Pro Forma Condensed Combined
Consolidated Financial Statements.
(c) Exhibits
The following are filed as exhibits to this Current
Report on Form 8-K/A:
Exhibit No,
Description of Exhibit
23.1
Consent of Mazars USA LLP
99.1
Audited financial statements of the carved out
Stainless-Steel Operations of Marcegaglia USA, Inc. for
the year ended December 31, 2016.
99.2
Unaudited pro forma financial information of Synalloy
Corporation.


About Synalloy Corporation (NASDAQ:SYNL)

Synalloy Corporation is a chemical manufacturing company. The Company operates through two segments: the Metals Segment and the Specialty Chemicals Segment. The Company’s Metals Segment comprises three subsidiaries: Synalloy Metals, Inc., which owns Bristol Metals, LLC (BRISMET), located in Bristol, Tennessee; Palmer of Texas Tanks, Inc. (Palmer), located in Andrews, Texas; and Specialty Pipe & Tube, Inc. (Specialty), located in Mineral Ridge, Ohio and Houston, Texas. The Company’s Metals Segment manufactures stainless steel, other alloy pipe, storage solutions and separation equipment. The Company’s Specialty Chemicals segment consists of the Company’s subsidiary, Manufacturers Soap and Chemical Company (MS&C). The Specialty Chemicals Segment manufactures lubricants, surfactants, reaction intermediaries, sulfated fats and oils, and chemical tolling manufacturing resources.

Synalloy Corporation (NASDAQ:SYNL) Recent Trading Information

Synalloy Corporation (NASDAQ:SYNL) closed its last trading session up +0.05 at 12.35 with 2,174 shares trading hands.