---
schema_version: "secwatch.filing_event.v1"
accession: "0000095953-23-000029"
form_type: "8-K"
ticker: "ACNT"
cik: "0000095953"
company_name: "ASCENT INDUSTRIES CO."
filed_at: "2023-06-07T23:59:59+00:00"
generated_at: "2026-06-14T06:16:23.133945+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Ascent Industries to permanently close Munhall, PA pipe facility; expects $2.8M-$6.7M cash charges

## Summary
- Ceasing operations at Munhall welded pipe and tube facility by Aug 31, 2023 as part of consolidation.
- Expects pre-tax cash charges of $2.8M-$6.7M in FY2023, including $2.6M severance.
- Also expects non-cash charges of $2.5M-$10.3M for asset impairments and inventory write-downs.
- Facility exit and disposal expected within one year.
- Part of ongoing efforts to focus on core operations and improve profitability.

## SEC filing metadata
- accession: 0000095953-23-000029
- form_type: 8-K
- ticker: ACNT
- cik: 0000095953
- company_name: ASCENT INDUSTRIES CO.
- filed_at: 2023-06-07T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.05, 2.06, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/95953/000009595323000029/0000095953-23-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/95953/000009595323000029/acnt-20230602.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000095953-23-000029
- JSON: https://secwatch.observer/filing/0000095953-23-000029.json
- Plain text: https://secwatch.observer/filing/0000095953-23-000029.txt

## Key facts
- Restructurings & Charges
  ASCENT INDUSTRIES CO. announced a restructuring with charges of approximately $2.8 million to $6.7 million affecting welded pipe and tube facility located in Munhall, Pennsylvania.
  - Type: restructuring
  - Charge: approximately $2.8 million to $6.7 million
  - Affected area: welded pipe and tube facility located in Munhall, Pennsylvania
  source text: focus on its core operations and to improve profitability while driving operational efficiencies. The Company currently expects to incur pre-tax cash charges of approximately $2.8 million to $6.7 million in connection with the Munhall Closure in fiscal year 2023, which is expected to include $2.6 million in severance costs and $0.2 million to $4.1 million in other
  evidence_url: https://www.sec.gov/Archives/edgar/data/95953/000009595323000029/0000095953-23-000029-index.htm
- Restructurings & Charges
  ASCENT INDUSTRIES CO. announced a impairment with charges of approximately $2.5 million to $10.3 million affecting welded pipe and tube facility located in Munhall, Pennsylvania.
  - Type: impairment
  - Charge: approximately $2.5 million to $10.3 million
  - Affected area: welded pipe and tube facility located in Munhall, Pennsylvania
  source text: The Company also expects to incur non-cash charges of approximately $2.5 million to $10.3 million in asset impairments, inventory write-downs and other non-cash restructuring charges.
  evidence_url: https://www.sec.gov/Archives/edgar/data/95953/000009595323000029/0000095953-23-000029-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.