Ascent Industries Co. announced on April 21, 2025, the signing of a significant multi-year contract, expanding its relationship with an existing customer in the specialty chemicals segment. This agreement is expected to generate more than $750,000 in additional annual EBITDA.
This new contract represents a 10% year-over-year increase for the Specialty Chemicals segment, highlighting the company's ability to secure high-value, long-term agreements. The deal underscores Ascent's strategic shift towards becoming a pure-play specialty chemicals company.
Bryan Kitchen, President and CEO of Ascent, stated that this contract marks a significant milestone in the company's ongoing transformation. He emphasized that securing such high-value agreements strengthens Ascent's financial position and validates the growth platform established in 2024, supporting the company's focus on delivering sustainable, long-term value to shareholders.
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