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