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

Reuters

2025/07/01

<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.

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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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Sells American Stainless Tubing for $16 Million, Completes Shift to Specialty Chemicals\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-07-01 04:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<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. 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ID: 20250625726633) on June 30, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4006","symbol_name":"钢铁","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250630:nNDL8PS4SF:1","article_id":"2548017702","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2548017702","pubTimestamp":1751313925,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Ascent Industries Co. has announced the successful sale of its final operating tubular asset, American Stainless Tubing, LLC , to First Tube, LLC, a subsidiary of Triple-S Steel Holdings, Inc. 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