SALE OF AMERICAN STAINLESS TUBING

AMERICAN STAINLESS TUBING, LLC HAS BEEN ACQUIRED BY TRIPLE-S STEEL HOLDINGS, INC.

Birmingham, Michigan – July 2, 2025 – Angle Advisors is pleased to announce that Ascent Industries Co. (Nasdaq: ACNT) (“Ascent” or the “Company”), a company that engages in the production and distribution of specialty chemicals, announced the successful closing of the previously announced sale of American Stainless Tubing, LLC (“ASTI”) to First Tube, LLC, a wholly owned subsidiary of Triple-S Steel Holdings, Inc. for $16 million in an all-cash transaction, subject to customary closing conditions. Angle Advisors acted as the exclusive investment banking advisor to Ascent in completing the transaction.

“The sale of ASTI, our final operating tubular asset, is more than a milestone — it’s a defining moment in Ascent’s transformation” said Bryan Kitchen, President and Chief Executive Officer of Ascent. “We are now a pure-play specialty chemicals company, fully aligned with our vision to build a scalable, high-margin chemicals platform poised for sustainable value creation. With this additional capital, we are well-positioned to reinvest in innovation, expand commercial reach, and pursue new growth opportunities that enhance returns for shareholders.”

Ascent Industries Co. (Nasdaq: ACNT) is a company that engages in the production and distribution of specialty chemicals. For more information about Ascent, please visit its website at www.ascentco.com.

Angle Advisors, with offices in the United States, Germany, and China, specializes in mergers and acquisitions and capital raising. The firm’s professionals have completed 302 transactions since 2009 for multinational corporations, privately held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.