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Advanced Drainage Systems Announces Acquisition Of Cultec, Inc.

PUBLIC · WMSMay 02, 2022

Acquiring Company

Advanced Drainage Systems

Acquired Company

Cultec

HilliardManufacturingAgriculture and FarmingConstructionWaterBuilding MaterialOtherSoftwareCommunity And LifestyleDesign

Description

Advanced Drainage Systems, Inc. (NYSE: WMS) (“ADS” or the “Company”), a leading provider of innovative water management solutions in the stormwater and on-site septic wastewater industries today announced the acquisition of Cultec, Inc. (“Cultec”), a family-owned technology leader in the stormwater and on-site septic wastewater industries.

Quick answer

Advanced Drainage Systems is acquiring Cultec, announced May 2, 2022. Advanced Drainage Systems is based in Hilliard, Ohio, United States.

How much did Advanced Drainage Systems pay for Cultec?
The deal value was not disclosed.
What does Advanced Drainage Systems do?
Advanced Drainage Systems is a leading provider of innovative water management solutions in the stormwater and on-site septic wastewater industries, providing superior drainage solutions for use in the construction and..
Where are Advanced Drainage Systems and Cultec based?
Advanced Drainage Systems is based in Hilliard, Ohio, United States.
Who are the decision-makers at Advanced Drainage Systems?
Fundz holds 1 contact at Advanced Drainage Systems. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Advanced Drainage Systems

Location

4024 Green Stripe Lane

Hilliard, Ohio, United States

About

Advanced Drainage Systems is a leading provider of innovative water management solutions in the stormwater and on-site septic wastewater industries, providing superior drainage solutions for use in the construction and agriculture marketplace. For over 50 years, the Company has been manufacturing a variety of innovative and environmentally friendly alternatives to traditional materials. Its innovative products are used across a broad range of end markets and applications, including non-residential, residential, infrastructure and agriculture applications. The Company has established a leading position in many of these end markets by leveraging its national sales and distribution platform, overall product breadth and scale and manufacturing excellence. Founded in 1966, the Company operates a global network of approximately 60 manufacturing plants and 30 distribution centers. To learn more about ADS, please visit the Company’s website at www.adspipe.com.

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Frequently asked

Who acquired Cultec?

Cultec was acquired by Advanced Drainage Systems, based in Hilliard. The deal was reported on May 2, 2022. Advanced Drainage Systems is publicly traded (WMS) and operates in Manufacturing.

When did Advanced Drainage Systems acquire Cultec?

Advanced Drainage Systems's acquisition of Cultec was reported on May 2, 2022. Advanced Drainage Systems, Inc. (NYSE: WMS) (“ADS” or the “Company”), a leading provider of innovative water management solutions in the stormwater and on-site septic wastewater industries today announced the acquisition of Cultec, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Cultec do?

Located in Brookfield, Connecticut, Cultec, Inc., has been helping engineers and contractors design stormwater solutions unique to their specific projects for over 30 years. It is privately held, operating in Other.

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