Synalloy Corporation Acquires DanChem from Edgewater Capital Partners
October 28, 2021
Synalloy Corporation (Nasdaq: SYNL) acquired DanChem, a specialty-chemicals contract manufacturer based in Danville, Virginia, for $32.95 million, closing October 22, 2021. DanChem operates three production plants on a 55-acre campus with over 120 employees, and is expected to generate approximately $30 million of 2021 revenue (c.18% adjusted EBITDA); the deal was funded through Synalloy's existing credit facility and DanChem was an Edgewater Capital Partners portfolio company.
- Buyers
- Synalloy Corporation
- Targets
- DanChem
- Sellers
- Edgewater Capital Partners
- Industry
- Manufacturing
- Location
- Virginia, United States
- Transaction Type
- Buyout
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