Synalloy to look at strategic options

摘要

Synalloy Corp. (Richmond, Virginia) said on Thursday that it is engaging an independent fnancial advisor to conduct a comprehensive review of strategic alternatives once there is stabilization from the current market volatility and macroeconomic disruption. The review will consider all options, including a sale of all or parts of the company, as well as continued governance and board composition enhancements, balance sheet and business optimization, and management succession in the event that a liquidity event does not take place.