HILLIARD, Ohio–(BUSINESS WIRE)– 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 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 Inltrator.”
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 Inltrator Water Technologies, a subsidiary of Advanced Drainage Systems.