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Synalloy Announces Closing of the Palmer of Texas Acquisition

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Tweet SYNL Hot Sheet Dividend Yield: 8.1% EPS Growth %: -47.5% SPARTANBURG, S.C., Aug. 23, 2012 (GLOBE NEWSWIRE) -- Synalloy Corporation (Nasdaq: SYNL), a producer and fabricator of stainless steel and carbon pipe and piping systems, and producer of specialty chemicals, announces that as previously reported on August 13, 2012, Synalloy (the "Company") entered into an agreement to purchase the stock of Lee-Var, Inc., dba Palmer of Texas ("Palmer"). On August 21, 2012, the Company closed the transaction contemplated by the Stock Purchase Agreement....

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