The Urgent Need for Change and The Superior Path Forward
SYNALLOY'S SPECIALTY CHEMICALS SEGMENT HAS
BEEN COMPLETELY NEGLECTED BY MANAGEMENT
While management has failed to integrate acquisitions in the Metals Segment, the
Specialty Chemicals Segment which we believe is a tremendous asset - has been
largely ignored
Mr. Bram has acknowledged this in the past, noting that the Specialty Chemicals Segment is
extremely stable, possessing little cyclicality and meaningful long-term relationships with large,
well-capitalized customers
But Synalloy's Specialty Chemicals Segment has failed to create any demonstrable value in the form
of revenue or earnings growth over the past nine years
PRIVET
FUND
01. 02. 03. 04. 05.
The Specialty Chemicals Segment is full of untapped potential and presents a prime opportunity for
value creation with proper oversight from a more capable leadership team
Synalloy
Chemicals
Meaningful Change is
Required at Synalloy
UPG
STRONGER TOGETHER
www
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Manufacturers
Chemicals
CRItolling
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