Advanced Drainage Systems
 | |
| Company type | Public |
|---|---|
| Industry | Water industry |
| Founded | 1966 |
| Founders |
|
| Headquarters | Hilliard, Ohio, U.S. |
Key people | D. Scott Barbour (CEO & President) Scott A. Cottrill (CFO) |
| Products | |
| Revenue |  US$1.982 billion (2020) |
| US$224 million (2020) | |
| Total assets | US$2.413 billion (2020) |
| Total equity | US$819 million (2020) |
Number of employees | 5,000 (2020) |
| Website | adspipe |
| Footnotes / references [1][2] | |
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]
History
[edit]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
[edit]- ^ a b c d "Advanced Drainage Systems, Inc. 2020 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- ^ a b c Gearino, Dan (March 8, 2015). "Advanced Drainage Systems now an industry leader". The Columbus Dispatch.
- ^ "Advanced Drainage CEO Joe Chlapaty to retire". The Columbus Dispatch. March 13, 2017.
- ^ Knox, Tom (July 25, 2014). "Advanced Drainage Systems goes public, raising $232M". American City Business Journals.
- ^ Gearino, Dan (February 2, 2015). "Advanced Drainage Systems buys Canadian company". The Columbus Dispatch.
- ^ "Advanced Drainage Systems Acquires Infiltrator Water Technologies From Ontario Teachers' Pension Plan" (Press release). Business Wire. August 1, 2019.
- ^ Eaton, Dan (October 16, 2019). "Columbus-based plastic pipe maker seeing benefits of recycling". American City Business Journals.
External links
[edit]- Official website
- Business data for Advanced Drainage Systems: