Advanced Drainage Systems
Nowadays, Advanced Drainage Systems is a topic that is present in the lives of many people. As time has passed, Advanced Drainage Systems has become more relevant and has sparked the interest of experts and hobbyists alike. Its influence covers various areas, from fashion to technology, and its impact can be observed in areas as varied as politics, culture and society in general. In this article, we will explore different aspects related to Advanced Drainage Systems and try to understand its role in today's world. From its origin to its evolution and its projection in the future, we will delve into this fascinating topic with the aim of shedding light on its implications and its importance today.
 | |
| 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 | |
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. It is the largest maker of high-density polyethylene pipe in the United States. It is headquartered in Hilliard, Ohio. 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 via an initial public offering on the New York Stock Exchange, 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 for $1.08 billion.
In 2019, approximately 65% of its pipes were made from recycled materials.
References
- ^ 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
- Official website
- Business data for Advanced Drainage Systems:
