Jenner & Block represented Synalloy Corporation in its acquisition of DanChem for $33 million. Synalloy is an industrials company focused on the production and distribution of piping, tubing, and specialty chemicals. DanChem is a leading, full-service specialty chemicals contract manufacturing organization with three production plants located on an owned 55-acre campus in Danville, Virginia. The DanChem facility is particularly unique, boasting the largest fleet of horizontal reactors in the industry and producing a broad array of diversified products.
The transaction will position Synalloy to accelerate product development capabilities and provide entrance into new end-markets and applications.
“Acquiring DanChem is a pivotal step forward for Synalloy as we plan to significantly scale and accelerate profitable growth within our chemicals segment,” said Chris Hutter, interim president and CEO of Synalloy, in a press release.
The team was led by Partner Donald E. Batterson. The team included Partners Geoffrey M. Davis, Brian S. Hart, Jan A. Larson, Michelle M. McAtee, Anna Meresidis, Matthew J. Renaud, Steven M. Siros, Emma J. Sullivan, and Lee K. Van Voorhis; Associates Bill R. Erlain and Sadie M. Shourd; Department Counsel Colleen M. Reddan; Discovery Attorney Leah J. Starkman; and Trademark Specialist Carole A. Duran. Paralegals Katya Lewandowska and David Nelson provided support.