Ascent Industries Sale-Leaseback Partner STORE Master Funding Signs Agreement To Lease Ascent's Former Tubular Site In Pennsylvania To New Tenant; Deal Eliminates ~$2.1M In Annual Costs
Author: Benzinga Newsdesk | November 17, 2025 08:18am
Ascent Industries Co. (NASDAQ: ACNT) today announced that its sale-leaseback partner, STORE Master Funding XII, LLC, has entered into an agreement to assign the lease for the Company's former tubular facility in Munhall, Pennsylvania to a new tenant. The assignment removes approximately $2.1 million in annualized facility-related costs including rent, taxes, utilities, and insurance, previously associated with the idled site.
Posted In: ACNT