Synalloy Finalizes Sale Of Blackman Uhler

Spartanburg-based Synalloy Corp. has completed the sale of its Blackman Uhler LLC dye business to
Greenville Colorants LLC, Greenville, for $4,950,000. Terms of the sale include all Blackman Uhler
inventory, and certain property and equipment related to Blackman Uhler, as well as the licensing
of certain intellectual property.

March 2005