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Ascent Industries Co. Announces Sale of Bristol Metals, LLC for $45 Million

Mar 12, 2025•over 1 year ago

Contract Type

agreement

Oak BrookManufacturingPrecious Metals

Description

Ascent Industries Co. has reached a definitive agreement to sell substantially all of the assets of Bristol Metals, LLC to Ta Chen International, Inc. for approximately $45 million in an all-cash transaction. The proceeds from the transaction will be used to accelerate organic and inorganic growth of the company’s specialty chemical business as well as general corporate purposes.

Company Information

Company

Ascent Industries

Location

Oak Brook, Illinois, United States

About

Mr. Johnson is a results-oriented executive bringing over 20 years of leadership experience across a variety of global industrial-focused companies. Most recently, he served as the senior vice president and global general manager of Corrpro, a subsidiary of Aegion Corporation that offers total corrosion solutions to the energy, Department of Defense, municipal, and marine markets. While at Corrpro, Mr. Johnson led a global organization with 14 locations and three manufacturing and distribution centers. He implemented a turnaround strategy that enhanced Corrpro’s market positioning and overall execution, leading to significantly improved profitability. Ascent Industries Co. (Nasdaq: ACNT) is a company that engages in a number of diverse business activities including the production of stainless steel, the master distribution of seamless carbon pipe and tube, and the production of specialty chemicals. For more information about Ascent, please visit its web site at www.ascentco.com.

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