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05/26/2015 - 05/28/2015

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Dyeing Printing & Finishing

Synalloy Rite Revive Deal To Combine Dye Businesses

Spartanburg-based Synalloy Corp. has revived its previously cancelled deal to acquire certain assets of Rite Industries Inc., High Point, N.C. Synalloy will combine these assets with its Blackman Uhler Chemical Co. textile dyes business to form a new subsidiary, Blackman Uhler LLC. Synalloy will own 75 percent of the new company. Former Rite Industries executives now associated with Blackman Uhler will own 25 percent.Blackman Uhler will have two operating divisions one in Clifton, N.J., and one in Spartanburg. The new company is expected to generate $35 million in annual sales.

September 2003




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