Synalloy changing its name to Ascent Industries
OAK BROOK -- Synalloy Corp., a maker of industrial tubular products and specialty chemicals, is changing its name to Ascent Industries Co., effective Aug. 10.
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 that date, Synalloy said.
With more than 75 years in the pipe, tube and chemicals manufacturing industry, the rebrand signifies the next chapter of the company's transformation toward building the most efficient industrial manufacturing companies in the world, it said in a news release.
"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."