Advanced Drainage Systems, Inc. acquired Substantially all of the assets of CULTEC, Inc for $48.01 million .
May 01, 2022
Share
Advanced Drainage Systems, Inc. (NYSE:WMS) acquired Substantially all of the assets of CULTEC, Inc. on April 29, 2022. CULTEC team will join Advanced Drainage Systems, Inc. Squire Patton Boggs acted as leagal advisor to Advanced Drainage.
Advanced Drainage Systems, Inc. (NYSE:WMS) completed the acquisition of Substantially all of the assets of CULTEC, Inc. for $48.01 million on April 29, 2022.
Advanced Drainage Systems, Inc. is engaged in manufacturing water management solutions for the stormwater and onsite septic wastewater industries, which provides superior drainage solutions for use in the construction and agriculture marketplaces. The Company's segments include Pipe, International, Infiltrator and Allied Products & Other. Its Pipe segment manufactures and markets performance thermoplastic corrugated pipe throughout the United States. Its Infiltrator is engaged in providing plastic leach field chambers and systems, septic tanks and accessories, primarily for use in residential applications. International segment manufactures and markets products in regions outside of the United States, with owned facilities in Canada and those markets serviced through its joint ventures in Mexico and South America. The Companyâs Allied Products & Other segment offers adjacent technologies to its core Pipe offering, presenting a complete drainage solution for its clients and customers.
ADVANCED DRAINAGE SYSTEMS, INC. 
