Ta Chen International completed the acqusition of Bristol Metals from Ascent for $45m.

Ta Chen International, a distributor of stainless steel and aluminum products, completed the acquisition of Bristol Metals, a manufacturer of welded stainless steel, from Ascent, an industrial manufacturing company, for $45m. “We are pleased to have completed the sale of BRISMET to Ta Chen, marking an important milestone for Ascent. This transaction unlocks meaningful value for our shareholders and allows us to focus our resources on expanding our Specialty Chemicals business, where we see significant growth opportunities. We are confident that BRISMET is well positioned for continued success under Ta Chen’s ownership.” Bryan Kitchen, Ascent President and Chief Executive Officer.