Advanced_Drainage_Systems

Advanced Drainage Systems

Advanced Drainage Systems

Drainage product company based in Hillard, Ohio, US

Advanced Drainage Systems, Inc. (ADS) designs, manufactures and markets polypropylene and polyethylene pipes, plastic leach field chambers and systems, septic tanks and accessories, storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water filters and water separators.[1] It is the largest maker of high-density polyethylene pipe in the United States.[2] It is headquartered in Hilliard, Ohio. In 2020, 93% of the company's sales were in the United States and 6% were in Canada.[1]

Quick Facts Company type, Traded as ...

History

The company was founded in 1966 by Ron Martin and Marty Sixt, two engineers. In the early 1970s, it moved to central Ohio.[1][2]

In 2004, Joe Chlapaty became CEO of the company; he retired in 2017 and was succeeded by Scott Barbour.[3]

In July 2014, the company became a public company via an initial public offering on the New York Stock Exchange, raising $232 million.[4]

In February 2015, the company acquired Ideal Pipe of Ontario for $45 million.[5]

In July 2019, the company acquired Infiltrator Water Technologies from the Ontario Teachers' Pension Plan for $1.08 billion.[6]

In 2019, approximately 65% of its pipes were made from recycled materials.[7]

References

  1. [1]
    "Advanced Drainage Systems, Inc. 2020 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. [2]
    Gearino, Dan (March 8, 2015). "Advanced Drainage Systems now an industry leader". The Columbus Dispatch.
  3. [3]
    "Advanced Drainage CEO Joe Chlapaty to retire". The Columbus Dispatch. March 13, 2017.
  4. [4]
    Knox, Tom (July 25, 2014). "Advanced Drainage Systems goes public, raising $232M". American City Business Journals.
  5. [5]
    Gearino, Dan (February 2, 2015). "Advanced Drainage Systems buys Canadian company". The Columbus Dispatch.
  6. [6]
    "Advanced Drainage Systems Acquires Infiltrator Water Technologies From Ontario Teachers' Pension Plan" (Press release). Business Wire. August 1, 2019.
  7. [7]
    Eaton, Dan (October 16, 2019). "Columbus-based plastic pipe maker seeing benefits of recycling". American City Business Journals.
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