Triple-S Steel Holdings Acquires American Stainless Tubing from Ascent Industries

July 2, 2025

Triple-S Steel Holdings, Inc. (via its wholly owned subsidiary First Tube, LLC) acquired American Stainless Tubing, LLC for $16 million in an all-cash transaction. Ascent Industries Co. previously announced the sale of its remaining operating tubular asset and completed the divestiture as it repositioned as a pure-play specialty chemicals company.

Buyers
Triple-S Steel Holdings, Inc., First Tube, LLC
Targets
American Stainless Tubing, LLC
Sellers
Ascent Industries Co.
Location
North Carolina, United States
Transaction Type
Divestiture

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