Synalloy Corp. has purchased DanChem in order to accelerate product development and enter new markets.
The full service chemicals manufacturing organization, DanChem, is expected to generate $30 million in 2021.
“With robust manufacturing capabilities, a highly experienced team and a blue-chip customer base, DanChem will bolster our chemical operations while providing significant opportunities to grow into new end-markets with a wide array of commercial offerings.” said Chris Hutter, interim president and CEO of Synalloy. “We welcome the DanChem team to Synalloy and look forward to leveraging our combined manufacturing and engineering platform to continue performing critical chemistries for our customers.”
“We believe joining forces with Synalloy will allow us to further accelerate these growth opportunities, and we are excited to be a part of this growing company,” said John Zuppo CEO of DanChem.