Ascent Industries Co. to Sell American Stainless Tubing to First Tube, LLC for $16 Million

Reuters

2025/06/24

<a href="https://laohu8.com/S/ACNT">Ascent Industries Co.</a> to Sell American Stainless Tubing to First Tube, LLC for $16 Million

Ascent Industries Co. has announced an agreement to sell substantially all assets of American Stainless Tubing, LLC $(ASTI)$ to First Tube, LLC, a subsidiary of Triple-S Steel Holdings, Inc., for approximately $16 million in an all-cash transaction. This sale is the final step in Ascent's strategic portfolio realignment, marking the company's full shift towards its specialty chemicals operations. ASTI, a North Carolina-based leader in ornamental stainless-steel tubing, will benefit from the alignment of strategies with its new owner. The transaction is expected to close on June 30, 2025.

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: 20250623303065) on June 23, 2025, and is solely responsible for the information contained therein.

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ID: 20250623303065) on June 23, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4006","symbol_name":"鋼鐵","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250623:nNDL73DzLr:1","article_id":"2545628440","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2545628440","pubTimestamp":1750711514,"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 an agreement to sell substantially all assets of American Stainless Tubing, LLC  to First Tube, LLC, a subsidiary of Triple-S Steel Holdings, Inc., for approximately $16 million in an all-cash transaction. 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