Exhibit
17
To: Board
of Directors of Synalloy
From: Craig
Bram
RE: Resignation
Date: September
24, 2010
After
many discussions with the Board of Directors concerning the strategic direction
of the company, it is clear that we continue to disagree on the best approach
going forward. I have recommended two possible
strategies: 1.) Build a diversified industrial company through the
sale of Brismet Pipe and the reinvestment of those proceeds in new acquisitions;
or 2.) the sale of the entire company. While I believe that either of
these strategies allows shareholders to maximize their investment in Synalloy, I
have not been able to convince my fellow Board members.
At
this point, I think it is counterproductive for me to remain on the Board of
Directors. Please accept my resignation from the Board, effective
immediately.
Sincerely,
Craig