The former Synalloy has changed its name to Ascent Industries with effect from 10 August. As a consequence, the company’s chemical division, which combines multiple speciality chemical manufacturers in the US, is also rebranding to Ascent Chemicals. All of the former company names and designations - Synalloy Chemicals, CRI Tolling, DanChem, DTI and Manufacturers Chemicals - are now being retired as they are united under a single brand.

Synalloy has acquired DanChem for $32.95 million in a deal that it described as “a pivotal step forward … as we plan to significantly scale and accelerate profitable growth within our chemicals segment”. Both companies are based in Virginia. The 120 employees will all transfer.