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Advanced Drainage Systems Announces Acquisition of Jet Polymer Recycling

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HILLIARD, Ohio --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, announced today the acquisition of Jet Polymer Recycling (“Jet”), a privately-owned recycling company located in the southeastern region of the United States.

“We are excited to welcome Jet to ADS,” said Scott Barbour, President and CEO of ADS. “This acquisition advances our strategic priority to expand the ADS Recycling capabilities to support future growth, while also underpinning ADS’ commitment to environmental sustainability. Through this transaction, we secure high-quality recycled plastic to leverage in the fast growing on-site septic wastewater business, as well as a platform to obtain additional high-density polyethylene in the southern region of the United States, which remains a key growth area for both ADS and Infiltrator.”

Headquartered in Fort Payne, Alabama, Jet Polymer has three plastic recycling locations in Alabama and Georgia. Jet Polymer is currently the largest supplier of recycled polypropylene plastic for Infiltrator Water Technologies, a subsidiary of Advanced Drainage Systems.

About Advanced Drainage Systems

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.

TAGS: Recycling
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