Ascent Industries to sell Bristol Metals for $45M

Ascent Industries (ACNT) announced it has reached a definitive agreement to sell substantially all of the assets of Bristol Metals, LLC to Ta Chen International, Inc. (Ta Chen), a manufacturer and distributor of stainless and aluminum coils, sheets, plates, long products, tubes and PVFs, for approximately $45 million in an all-cash transaction. The transaction is planned to close on March 31, 2025.