Business
Synalloy Corporation Announces Rebrand to Ascent Industries Co.
Rebranding Better Aligns Company’s Go-to-Market Strategy with its Upward Growth Trajectory and Reinvigorated Corporate Mission Company to Ring the Nasdaq
About this update from Ascent Industries Co.
[{"type":"text","content":"\nRebranding Better Aligns Company’s Go-to-Market Strategy with its Upward Growth Trajectory and Reinvigorated Corporate Mission\n\nCompany to Ring the Nasdaq Closing Bell in Celebration of the Rebrand on August 15, 2022\n\n OAK BROOK, Ill.--(BUSINESS WIRE)--\nSynalloy Corporation (Nasdaq: SYNL) (“Synalloy” or the “Company”), an industrials company focused on the production and distribution of industrial tubular products and specialty chemicals, is announcing a corporate rebrand from Synalloy Corporation to Ascent Industries Co. (“Ascent”) effective August 10, 2022. The Company’s stock ticker symbol will change from “SYNL” to “ACNT” on the Nasdaq stock exchange, and trading under the new stock ticker symbol will commence on August 10th. Holders of common stock are not required to exchange current outstanding stock certificates for new stock certificates.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220804005327/en/\nWith over 75 years in the pipe, tube and chemicals manufacturing industry, the rebrand signifies the next chapter of the Company’s transformation towards building the most efficient industrial manufacturing companies in the world. Through its existing partnership of companies obsessively pursuing improvement and growth, Ascent is committed to fostering an environment that focuses on maximizing efficiency across its operations and driving sustainable, long-term value to its shareholders.\n\nIn addition, Ascent seeks to continue to grow and expand its segments through the acquisition of companies with strong research and development resources that can drive new and long-term production capabilities and higher value additive products to its mix.\n\nTo view a video of the Company’s rebranded vision coming to life, please click here.\n\n“As we continue to make notable progress on our transformation efforts, it is time to establish a strong and unified brand that reflects the vision and mission we have for our company,” said Ben Rosenzweig, Executive Chairman of Synalloy. “Our platform is now more robust and diverse than ever before, and our rebrand to Ascent represents our commitment to unlocking the potential of our industrial manufacturing portfolio. Looking forward, we remain focused on expanding our footprint and capabilities, while capturing more effici...