Synalloy Launches Common Stock Offering (Synalloy Corporation)

(Source: Synalloy Corporation) September 16, 2013 Synalloy Launches Common Stock Offering SPARTANBURG, S.C., Sept. 16, 2013 (GLOBE NEWSWIRE) -- Synalloy Corporation (Nasdaq:SYNL) today announced the launch of an underwritten public offering of 1,500,000 shares of its common stock, subject to market and other conditions. The underwriters will have an option to purchase up to an additional 225,000 shares of common stock from Synalloy. We intend to use the net proceeds from this offering to invest approximately $3.5 million in new equipment for our CRI Tolling facility, invest...