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Ascent Industries Co (Ascent Industries) is a metal and chemicals company that offers tubular and specialty chemical products. The company provides products including welded pipe and tube, stainless steel tube, and manufactures liquid storage solutions and separation equipment. Ascent Industries also manufactures chemicals, including specialty formulations and intermediates. The company’s products are used in a variety of applications and industries, such as oil and gas, heavy industrial, capital goods manufacturing, paper, construction equipment, automotive, wastewater treatment, liquefied natural gas (LNG), food processing, pharmaceutical, and other industries. It operates through production facilities in Cleveland, Tennessee; Fountain Inn, South Carolina; and Danville, Virginia in the US. Ascent Industries is headquartered in Chicago, Illinois, the US.
Headquarters
United States of America
Address
Suite 430, 20 N. Martingale Road, Schaumburg, Illinois, 60173
Website
ascentco.com
Telephone
1 630 8849181
No of Employees
197
Industry
Metals and Mining
Ticker Symbol & Exchange
ACNT (NASD)
Revenue (2024)
$74.9M
-7.2%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
106.4%
(2024 vs 2023)
Market Cap*
$135.8M
Net Profit Margin (2024)
XYZ
106.9%
(2024 vs 2023)
* As of and is in US$
Ascent Industries Co premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Specialty Chemicals | Brands: |
| Ascent |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Divestiture | In June, the company sold American Stainless Tubing LLC to First Tube LLC, a provider of steel products and processing services. |
| 2025 | Contracts/Agreements | In March, the company entered into an agreement to sell all of the assets of Bristol Metals, LLC to Ta Chen International, Inc. |
| 2022 | Corporate Changes/Expansions | In August, the company announced to change its name from Synalloy Corporation to Ascent Industries Co effective August 10, 2022. |
Competitor Comparison
| Key Parameters | Ascent Industries Co | Olympic Steel Inc | Webco Industries Inc. | FutureFuel Corp | Colonial Chemical Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Schaumburg | Highland Hills | Sand Springs | Clayton | South Pittsburg |
| State/Province | Illinois | Ohio | Oklahoma | Missouri | Tennessee |
| No. of Employees | 197 | 2,181 | - | 493 | - |
| Entity Type | Public | Private | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Benjamin Rosenzweig | Chairman | Executive Board | 2022 | 41 |
| J. Bryan Kitchen | Chief Executive Officer; President | Senior Management | 2024 | 52 |
| Ryan Kavalauskas | Chief Financial Officer | Senior Management | 2024 | 42 |
| Nicole Moye Durham | Chief Human Resources Officer | Senior Management | 2024 | - |
| Duc Le | Senior Director- Strategic Sourcing | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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