Dennis Scannell

David Wright

Justin Bergner

Bill Dezellem

David Williams

John Walthausen

- Ampco-Pittsburgh Corporation has **accelerated its exit** from its U.K. subsidiary, Union Electric Steel UK Limited, moving the timeline to **October 14, 2025**, from spring 2026.  **[6176_d0b7c2daf0e040a089915791f0c21959]** 
- This strategic decision is expected to result in an annual increase in adjusted EBITDA of approximately **$7 to $8 million**, starting in Q4 2025, by eliminating ongoing operating losses and avoiding substantial cash plant closure costs.  **[6176_d0b7c2daf0e040a089915791f0c21959]** 
- The exit will lead to a non-cash impairment charge of **$43 to $45 million** recorded in Q4 2025 due to the deconsolidation of the U.K. subsidiary's financials.  **[6176_d0b7c2daf0e040a089915791f0c21959]** 
- The acceleration was driven by the absence of viable solutions from consultations, high wind-down closure costs, and recent **tariff volatility impacting demand and order timing**.  **[6176_d0b7c2daf0e040a089915791f0c21959]** 
- Ampco-Pittsburgh plans to **increase capacity utilization at its Sweden facility** and continue supporting customers in other regions to manage cast roll supply needs.  **[6176_d0b7c2daf0e040a089915791f0c21959]**

Ampco-Pittsburgh Accelerates Exit from UK Subsidiary

- Ampco-Pittsburgh's wholly owned subsidiary, Union Electric Steel Corporation, has **accelerated its exit** from its U.K. cast roll operations (UES-UK), effective **October 14, 2025**.  **[6176_d9321df2f83842638439aba8e730cb1f_0]** 
- This action is expected to eliminate operating losses from UES-UK starting in **Q4 2025** and is projected to increase adjusted EBITDA by approximately **$7 to $8 million** on an annualized run-rate basis.  **[6176_d9321df2f83842638439aba8e730cb1f_0]** 
- The company anticipates recognizing a **non-cash charge of approximately $43 to $45 million** in **Q4 2025** related to the deconsolidation of UES-UK.  **[6176_d9321df2f83842638439aba8e730cb1f_1]**

AMPCO PITTSBURGH (AP)