ASCENT INDUSTRIES CO. 10-K

Item 2. Properties The Company operates the major plants and facilities listed below, all of which are in adequate condition for their current usage and are able to accommodate our capacity needs for the immediate future. Substantially all of the value of the Company's leased plants and facilities relate to the Master Lease with Store Master Funding XII, LLC (“Store”), an affiliate of Store Capital Corporation ("Store Capital") that was entered into in 2016 and amended in 2019 and 2020; see Note 7 to the consolidated financial statements included in Item 8 of this Form 10-K for additional information on the Company's leases. The following table sets forth certain information concerning our principal properties including which segment's products are supported out of each location: Segment Location Principal Operations Square Feet Land Acres Leased or Owned Tubular Products Specialty Chemicals Bristol, TN Manufacturing stainless steel pipe 275,000 73.1 Leased ✔ Cleveland, TN Chemical manufacturing and warehousing 143,000 18.8 Leased ✔ Fountain Inn, SC Chemical manufacturing and warehousing 136,834 16.9 Leased ✔ Danville, VA Chemical manufacturing and warehousing 135,811 55.3 Owned ✔ Troutman, NC Manufacturing ornamental stainless steel tube 106,657 26.5 Leased ✔ Statesville, NC Manufacturing ornamental stainless steel tube 83,000 26.8 Leased ✔ The following table sets forth certain information concerning other properties under the Master Lease in which the Company is the responsible party: Location Principal Operations Square Feet Land Acres Leased or Owned Munhall, PA 1 Manufacturing stainless steel pipe 284,000 20.0 Leased Andrews, TX 2 Liquid storage solutions and separation equipment 122,662 19.6 Leased Houston, TX 3 Cutting facility and storage yard for heavy walled pipe 29,821 10.0 Leased Mineral Ridge, OH 3 Cutting facility and storage yard for heavy walled pipe 12,000 12.0 Leased 1 Company ceased operations as of August 31, 2023 2 Company currently subleases facility to a third party 3 Company sold substantially all assets of SPT as of December 22, 2023. The Company remains obligated under the terms of the leases for the rent and other costs that may be associated with the lease of the facilities and is reimbursed for facility lease costs under the transition services agreement executed as part of transaction In addition to the facilities listed above, the Company leases from a third party the Company's executive office located in Oak Brook, Illinois. Item 3. Legal Proceedings For a discussion of legal proceedings, see Note 15 to the Consolidated Financial Statements included in Item 8 of this Form 10-K. Item 4. Mine Safety Disclosures Not applicable. 12 Table of Contents PART II