Synalloy Makes Fortune Small Business 100 Fastest Growing Small Public Co. List

SPARTANBURG, S.C., July 11, 2008 (PRIME NEWSWIRE) -- Synalloy Corporation (Nasdaq:SYNL), a producer of specialty chemicals, pigments, stainless steel pipe, vessels and process equipment, is honored to be included in Fortune Small Business ("FSB") Magazine's annual list of the 100 fastest-growing, publicly-held small companies in the U.S. In the Jul/Aug 2008 edition, FSB ranked Synalloy 56th with an EPS growth of 104.3%, Revenue growth of 15.8% and Total Return to Investors of 20.4%.

For more information about Synalloy Corporation, please visit our web site at www.synalloy.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

All statements contained in this release that are not historical facts are "forward-looking statements." The words "estimate," "project," "intend," "expect," "believe," "anticipate," "plan" and similar expressions identify forward-looking statements. The forward-looking statements are subject to certain risks and uncertainties, including without limitation those identified below, which could cause actual results to differ materially from historical results or those anticipated. Readers are cautioned not to place undue reliance on these forward-looking statements. The following factors could cause actual results to differ materially from historical results or those anticipated: adverse economic conditions, the impact of competitive products and pricing, product demand and acceptance risks, raw material and other increased costs, customer delays or difficulties in the production of products, unavailability of debt financing on acceptable terms and exposure to increased market interest rate risk, inability to comply with covenants and ratios required by our debt financing arrangements and other risks detailed from time-to-time in Synalloy's Securities and Exchange Commission filings. Synalloy Corporation assumes no obligation to update the information included in this release.

CONTACT:  Synalloy Corporation
          Greg Bowie
          (864) 596-1535

Released July 11, 2008