Ascent Industries completes sale of ASTI for $16M cash, becomes pure-play specialty chemicals company

ASCENT INDUSTRIES CO.

Closed sale of ASTI to First Tube LLC (Triple-S Steel) on June 30, 2025 for ~$16M cash.
Ascent now a pure-play specialty chemicals company after divesting final tubular asset.
Credit facility amended: $30M revolver, 1.85%-2.35% margin, lien on ASTI released.
Master lease amended to remove ASTI facility and reduce rent.
CEO cites strong position to reinvest in innovation, expand commercial reach.

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