{"id":910652,"date":"2025-11-17T08:23:45","date_gmt":"2025-11-17T13:23:45","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ascent-industries-eliminates-2-1m-in-costs-further-strengthening-earnings-profile-as-pure-play-specialty-chemicals-platform\/"},"modified":"2025-11-17T08:23:45","modified_gmt":"2025-11-17T13:23:45","slug":"ascent-industries-eliminates-2-1m-in-costs-further-strengthening-earnings-profile-as-pure-play-specialty-chemicals-platform","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ascent-industries-eliminates-2-1m-in-costs-further-strengthening-earnings-profile-as-pure-play-specialty-chemicals-platform\/","title":{"rendered":"Ascent Industries Eliminates $2.1M in Costs, Further Strengthening Earnings Profile as Pure-Play Specialty Chemicals Platform"},"content":{"rendered":"

<\/p>\n

Ascent Industries Eliminates $2.1M in Costs, Further Strengthening Earnings Profile as Pure-Play Specialty Chemicals Platform<\/b><\/p>\n

SCHAUMBURG, Ill.–(BUSINESS WIRE<\/a>)–
\nAscent Industries Co. (NASDAQ: ACNT) today announced that its sale-leaseback partner, STORE Master Funding XII, LLC, has entered into an agreement to assign the lease for the Company\u2019s former tubular facility in Munhall, Pennsylvania to a new tenant. The assignment removes approximately $2.1 million in annualized facility-related costs including rent, taxes, utilities, and insurance, previously associated with the idled site.<\/p>\n

\n\u201cAscent is executing with urgency and intent,\u201d said Bryan Kitchen, President and Chief Executive Officer. \u201cRemoving this legacy cost immediately strengthens our earnings profile and cash-flow while we accelerate the growth of our Chemicals-as-a-Service platform.\u201d<\/p>\n

\nKitchen added, \u201cOur momentum is real. We\u2019re 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.\u201d<\/p>\n

\nThe lease assignment will be effective November 14, 2025.<\/p>\n

About Ascent Industries Co.<\/span><\/b><\/p>\n

\nAscent 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<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20251117487819\/en\/<\/a><\/span><\/p>\n

Company Contact
\n<\/b>
Ryan Kavalauskas
\n
Chief Financial Officer
\n
1-630-884-9181<\/p>\n

Investor Relations
\n<\/b>
1-630-884-9181
\n
investorrelations@ascentco.com<\/a><\/p>\n

KEYWORDS:<\/b> Illinois Pennsylvania United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Chemicals\/Plastics Manufacturing<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Ascent Industries Eliminates $2.1M in Costs, Further Strengthening Earnings Profile as Pure-Play Specialty Chemicals Platform SCHAUMBURG, Ill.–(BUSINESS WIRE)– Ascent Industries Co. (NASDAQ: ACNT) today announced that its sale-leaseback partner, STORE Master Funding XII, LLC, has entered into an agreement to assign the lease for the Company\u2019s former tubular facility in Munhall, Pennsylvania to a new tenant. The assignment removes approximately $2.1 million in annualized facility-related costs including rent, taxes, utilities, and insurance, previously associated with the idled site. \u201cAscent is executing with urgency and intent,\u201d said Bryan Kitchen, President and Chief Executive Officer. \u201cRemoving this legacy cost immediately strengthens our earnings profile and cash-flow while we accelerate the growth of our Chemicals-as-a-Service platform.\u201d Kitchen added, \u201cOur momentum is real. We\u2019re … <\/p>\n

Continue reading “Ascent Industries Eliminates $2.1M in Costs, Further Strengthening Earnings Profile as Pure-Play Specialty Chemicals Platform”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-910652","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAscent Industries Eliminates $2.1M in Costs, Further Strengthening Earnings Profile as Pure-Play Specialty Chemicals Platform - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ascent-industries-eliminates-2-1m-in-costs-further-strengthening-earnings-profile-as-pure-play-specialty-chemicals-platform\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ascent Industries Eliminates $2.1M in Costs, Further Strengthening Earnings Profile as Pure-Play Specialty Chemicals Platform - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Ascent Industries Eliminates $2.1M in Costs, Further Strengthening Earnings Profile as Pure-Play Specialty Chemicals Platform SCHAUMBURG, Ill.–(BUSINESS WIRE)– Ascent Industries Co. (NASDAQ: ACNT) today announced that its sale-leaseback partner, STORE Master Funding XII, LLC, has entered into an agreement to assign the lease for the Company\u2019s former tubular facility in Munhall, Pennsylvania to a new tenant. The assignment removes approximately $2.1 million in annualized facility-related costs including rent, taxes, utilities, and insurance, previously associated with the idled site. \u201cAscent is executing with urgency and intent,\u201d said Bryan Kitchen, President and Chief Executive Officer. \u201cRemoving this legacy cost immediately strengthens our earnings profile and cash-flow while we accelerate the growth of our Chemicals-as-a-Service platform.\u201d Kitchen added, \u201cOur momentum is real. 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