Privet Fund and UPG Enterprises Announce the Election of Three Nominees to Synalloy’s Board of Directors Based on Preliminary Meeting Results

ATLANTA & CHICAGO--(BUSINESS WIRE)--Privet Fund Management LLC (together with its affiliates, "Privet") and UPG Enterprises LLC (together with its affiliates, “UPG” and collectively with Privet, the "Stockholder Group" or “we” or “us”), which collectively own approximately 24.9% of the outstanding common stock of Synalloy Corporation (NASDAQ: SYNL) (“Synalloy” or the "Company"), today commented on the preliminary results of the Company’s 2020 Annual Meeting of Stockholders (the “Annual Meeting”). Based on preliminary voting results provided by their proxy solicitor, Saratoga Proxy Consulting LLC, Privet and UPG have sufficient votes to elect three nominees – Ben Rosenzweig, Chris Hutter and John P. Schauerman – to Synalloy’s eight-member Board of Directors (the “Board”).