Infiltrator Systems Agrees to Acquire Advanced Drainage Systems' Septic Chamber Assets.
As part of the acquisition, ADS, based in Hilliard, OH, has entered into a long-term, non-exclusive distribution agreement with Infiltrator Systems and will continue to market and sell the Arc[TM] and BioDiffuser[TM] product lines.
The ADS chamber product line is comprised of a family of onsite wastewater infiltration chambers that are well established in the onsite industry. These products include the Arc[TM] 18, Arc[TM] 24, Arc[TM] 36, Arc[TM] 36LP, Arc[TM] 36HC chambers as well as the complete BioDiffuser[TM] line of chambers.
"We are excited about the opportunity to expand our product offering to the marketplace," stated Roy Moore, President and CEO of Infiltrator Systems. "Customers will continue to receive a broad array of products that best suit their needs as well as ISI's high quality support and individualized service. We also believe this addition will lead to more efficient manufacturing operations, allowing us to be even more competitive with alternative solutions in the marketplace."
"This is a 'win-win' for the industry," stated Joe Chlapaty, Chairman and CEO of ADS. "The agreement allows ADS to continue to compete vigorously for septic leachfield product sales by distributing Arc[TM] and BioDiffuser[TM] products manufactured by ISI as well as ADS's other septic leachfield products. It has always been our intention to offer our distribution network the finest products and services available. We feel this agreement best addresses the ever evolving needs of our customers and employees."
The transaction is expected to be completed within the next several months, subject to customary closing conditions and necessary regulatory approvals. Terms of the transaction were not disclosed.
About Infiltrator Systems
Since its inception in 1987, Infiltrator has introduced innovative products that meet increasingly stringent environmental and regulatory onsite wastewater treatment requirements. Through their understanding of the marketplace and the integration of engineering and manufacturing expertise, science, and technology, Infiltrator is one of the leaders in the highly competitive onsite wastewater industry. Infiltrator is based in Old Saybrook, CT. For more information about septic system innovation and installation solutions from Infiltrator Systems, visit Infiltrator's website at www.infiltratorsystems.com or call 1-800-221-4436.
About Advanced Drainage Systems, Inc.
Advanced Drainage Systems, Inc. (ADS) is the world's largest producer of HDPE corrugated plastic pipe. Founded in 1966, it serves the storm water drainage industry through a global network of 53 manufacturing plants, 24 distribution centers and nearly 4,000 independent distributors. In addition to its flagship N-12[R] pipe, the company offers a complete line of fittings and other accessories including StormTech[R] stormwater chambers, Nyloplast[R] drainage structures and various geotextiles through its relationship with SI Geosolutions, and Naue GmbH. To learn more about ADS, visit the Company's website at www.ads-pipe.com, or call 1-800-733-7473.
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|Comment:||Infiltrator Systems Agrees to Acquire Advanced Drainage Systems' Septic Chamber Assets.|
|Date:||Nov 22, 2011|
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