Latest news with #AscentIndustries
Business Insider
8 hours ago
- Business
- Business Insider
Ascent Industries to divest American Stainless Tubing for $16M
Ascent Industries (ACNT) announced that it has entered into an Asset Purchase Agreement to sell substantially all of the assets related to American Stainless Tubing, LLC, a North Carolina-based manufacturer of ornamental stainless-steel tubing, to First Tube, LLC, a wholly owned subsidiary of Triple-S Steel Holdings, Inc. a Texas-based provider of steel products and processing services, for approximately $16M in an all-cash transaction, subject to customary closing conditions. The transaction is expected to close on June 30, 2025. Proceeds from the transaction will be used to support both organic and inorganic growth initiatives within Ascent's Specialty Chemicals segment, as well as for general corporate purposes. Confident Investing Starts Here:
Yahoo
27-01-2025
- Business
- Yahoo
Innovating Clean, Simplifying Care: Ascent Industries Launches New HI&I Ingredients Portfolio
SCHAUMBURG, Ill., January 27, 2025--(BUSINESS WIRE)--Ascent Industries Co. (Nasdaq: ACNT) ("Ascent" or the "Company"), an industrial company focused on the production of specialty chemicals and industrial tubular products, announced today the launch of its Household, Industrial, and Institutional (HI&I) Cleaning Ingredients Portfolio. The comprehensive range of engineered solutions delivers exceptional cleaning performance while prioritizing sustainability, reflecting Ascent's commitment to "Innovating Clean, Simplifying Care." Ascent Industries will showcase its HI&I Ingredients Portfolio this week at the American Cleaning Institute (ACI) Conference in Orlando, Florida, January 27–31, 2025. The new portfolio includes bio-based surfactants and specialty additives that address the industry's growing demand for effective and environmentally friendly cleaning technologies. Built to meet the evolving needs of modern cleaning applications, the HI&I portfolio combines superior performance with cost-competitiveness and compliance with strict environmental and regulatory standards. "The development and launch of our HI&I portfolio is a major milestone in our efforts to develop high-performing, sustainable solutions," said Bryan Kitchen, CEO of Ascent Industries. "It's all about solving real-world problems with precision while advancing the future of clean, safe, and sustainable care." In addition to superior cleaning efficacy, the portfolio incorporates features like plant and tallow-based ingredients, reduced VOC content, and multifunctional additives designed to streamline formulations and improve product efficiency. For more details on Ascent Industries' HI&I Ingredients Portfolio, visit this link. About Ascent Industries Co. Ascent Industries Co. (Nasdaq: ACNT) is a company that engages in a number of diverse business activities including the production of specialty chemicals and industrial tubular products. For more information about Ascent, please visit its website at View source version on Contacts Company Contact Ryan KavalauskasChief Financial Officer1-630-884-9181 Investor Relations Cody Slach and Cody CreeGateway Group, Inc.1-949-574-3860ACNT@ Sign in to access your portfolio
