Ascent Industries Co. Sells American Stainless Tubing for $16 Million, Completes Shift to Specialty Chemicals

Reuters

01 Jul

<a href="https://laohu8.com/S/ACNT">Ascent Industries Co.</a> Sells American Stainless Tubing for $16 Million, Completes Shift to Specialty Chemicals

Ascent Industries Co. has announced the successful sale of its final operating tubular asset, American Stainless Tubing, LLC $(ASTI)$, to First Tube, LLC, a subsidiary of Triple-S Steel Holdings, Inc. The transaction, valued at $16 million in cash, marks Ascent's transformation into a pure-play specialty chemicals company. This strategic move aligns with Ascent's vision to focus on scalable, high-margin chemical platforms poised for sustainable growth.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ascent Industries Co. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250625726633) on June 30, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Sells American Stainless Tubing for $16 Million, Completes Shift to Specialty Chemicals","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/ACNT\">Ascent Industries Co.</a> Sells American Stainless Tubing for $16 Million, Completes Shift to Specialty Chemicals\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Ascent Industries Co. has announced the successful sale of its final operating tubular asset, American Stainless Tubing, LLC <a href=\"https://laohu8.com/S/ASTI\">$(ASTI)$</a>, to First Tube, LLC, a subsidiary of Triple-S Steel Holdings, Inc. The transaction, valued at $16 million in cash, marks Ascent's transformation into a pure-play specialty chemicals company. 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The transaction, valued at $16 million in cash, marks Ascent's transformation into a pure-play specialty chemicals company. This strategic move aligns with Ascent's vision to focus on scalable, high-margin chemical platforms poised for sustainable growth.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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