Triple-S Steel Holdings, Inc. Acquires American Stainless Tubing, Inc.

Triple-S Steel Holdings, Inc. of Houston, TX is pleased to announce the acquisition of American Stainless Tubing, Inc. (ASTI), effective July 1, 2025. Based in North Carolina, ASTI is a specialized manufacturer of ornamental and highly polished stainless steel tubing. Prior to the acquisition, ASTI operated within Ascent Tubular Products, an operating segment of Ascent Industries Co., and will now operate as the name American Stainless Tubing Industries. Triple-S Steel expresses appreciation to Ascent Industries Co. for their involvement with ASTI and for positioning the business for its next chapter of growth as part of the Triple-S Steel family.

This strategic move expands Triple-S Steel’s stainless portfolio and enhances its service capabilities across key sectors, including architecture, marine, and industrial fabrication.

“We are excited to welcome American Stainless Tubing to the Triple-S Steel family,” said Gary Stein, CEO of Triple-S Steel. “ASTI’s reputation for precision and quality aligns perfectly with our mission. Together, we will leverage our combined expertise to accelerate innovation and serve our customers better. We plan to deploy fresh capital to help this team expand their business.”

Winston & Strawn and Sheppard Mullin served as legal advisors to Triple-S Steel in this
transaction.

About Triple-S Steel

Triple-S Steel is one of the nation’s largest family-owned steel service centers, with over 50 locations across North America and Colombia, offering structural steel, tubing, specialty metals, and value-added processing to customers in construction, manufacturing, and infrastructure.