Ascent Industries sells Bristol Metals for $45M cash to Ta Chen International

ASCENT INDUSTRIES CO.

Sale price approximately $45 million in cash; expected to close March 31, 2025.
Buyer is Ta Chen International, a stainless and aluminum products manufacturer.
Proceeds to accelerate organic/inorganic growth in Specialty Chemicals and for general purposes.
BRISMET had 2024 revenue of $27.2M; remaining tubular assets include American Stainless Tubing (ASTI).
CEO Bryan Kitchen cites value creation and redirecting capital to higher-growth segment.

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