Ascent Industries Eliminates $2.1M in Costs, Further Strengthening Earnings Profile as Pure-Play Specialty Chemicals Platform
Ascent Industries (NASDAQ: ACNT) announced that STORE Master Funding XII, LLC has assigned the lease for Ascent's idled tubular facility in Munhall, Pennsylvania to a new tenant, effective November 14, 2025.
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“Ascent is executing with urgency and intent,” said Bryan Kitchen, President and Chief Executive Officer. “Removing this legacy cost immediately strengthens our earnings profile and cash-flow while we accelerate the growth of our Chemicals-as-a-Service platform.”
Kitchen added, “Our momentum is real. We’re winning new projects, scaling our business model, and expanding the impact of our platform. Moves like this strengthen our foundation and support sustained long-term value creation.”
The lease assignment will be effective November 14, 2025.
About Ascent Industries Co.
Ascent Industries Co. (Nasdaq: ACNT) is a specialty chemicals platform focused on the development, production, and distribution of tailored, performance-driven chemical solutions. For more information about Ascent, please visit its website at www.ascentco.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20251117487819/en/
Company Contact
Ryan Kavalauskas
Chief Financial Officer
1-630-884-9181
Investor Relations
1-630-884-9181
investorrelations@ascentco.com
Source: Ascent Industries Co.