Advanced Drainage Systems, Inc. (ADS) designs, manufactures and markets
polypropylene
Polypropylene (PP), also known as polypropene, is a thermoplastic polymer used in a wide variety of applications. It is produced via chain-growth polymerization from the monomer propylene.
Polypropylene
belongs to the group of polyolefins an ...
and
polyethylene
Polyethylene or polythene (abbreviated PE; IUPAC name polyethene or poly(methylene)) is the most commonly produced plastic. It is a polymer, primarily used for packaging (plastic bags, plastic films, geomembranes and containers including ...
pipes, plastic
leach field
Septic drain fields, also called leach fields or leach drains, are subsurface wastewater disposal facilities used to remove contaminants and impurities from the liquid that emerges after anaerobic digestion in a septic tank. Organic materials in ...
chambers and systems,
septic tank
A septic tank is an underground chamber made of concrete, fiberglass, or plastic through which domestic wastewater ( sewage) flows for basic sewage treatment. Settling and anaerobic digestion processes reduce solids and organics, but the trea ...
s and accessories, storm retention/detention and septic chambers,
polyvinyl chloride drainage
Drainage is the natural or artificial removal of a surface's water and sub-surface water from an area with excess of water. The internal drainage of most agricultural soils is good enough to prevent severe waterlogging (anaerobic conditio ...
structures, fittings, and
water filters and
water separator
A diving air compressor is a gas compressor that can provide breathing air directly to a surface-supplied diver, or fill diving cylinders with high- pressure air pure enough to be used as a breathing gas. A low pressure diving air compress ...
s.
[ It is the largest maker of high-density polyethylene pipe in the United States.]Hilliard, Ohio
Hilliard is a city in Franklin County, Ohio, United States. The population was 37,114 at the 2020 census. It is a suburb of Columbus and part of Norwich Township. Hilliard is home to the Early Television Museum (the only one of its kind in Unite ...
. In 2020, 93% of the company's sales were in the United States and 6% were in Canada.[
]
History
The company was founded in 1966 by Ron Martin and Marty Sixt, two engineers. In the early 1970s, it moved to central Ohio.[
In 2004, Joe Chlapaty became CEO of the company; he retired in 2017 and was succeeded by Scott Barbour.
In July 2014, the company became a ]public company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange ( l ...
via an initial public offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...
on the New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed ...
, raising $232 million.
In February 2015, the company acquired Ideal Pipe of Ontario for $45 million.
In July 2019, the company acquired Infiltrator Water Technologies from the Ontario Teachers' Pension Plan
The Ontario Teachers' Pension Plan Board (french: Régime de retraite des enseignantes et des enseignants de l'Ontario) is an independent organization responsible for administering defined-benefit pensions for school teachers of the Canadian p ...
for $1.08 billion.
In 2019, approximately 65% of its pipes were made from recycled materials.
References
External links
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{{Authority control
2014 initial public offerings
American companies established in 1966
Companies listed on the New York Stock Exchange
Water companies of the United States