M&A Deal Summary

ADS Acquires Cultec

On May 2, 2022, ADS acquired plastics company Cultec

Acquisition Highlights
  • This is ADS’s 2nd transaction in the Plastics sector.
  • This is ADS’s 11th transaction in the United States.
  • This is ADS’s 2nd transaction in Connecticut.

M&A Deal Summary
Date 2022-05-02
Target Cultec
Sector Plastics
Buyer(s) ADS
Deal Type Add-on Acquisition

Target

Cultec

Brookfield, Connecticut, United States
Cultec is a manufacturer of the contactor® and recharger® plastic septic and storm water chambers. Cultec was founded in 1986 and is based in Brookfield, Connecticut.

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Buyer(S) 1

Buyer

ADS

Hilliard, Ohio, United States
Category Company
Founded 1966
Sector Building Materials
Employees5,705
Revenue 2.9B USD (2024)
DESCRIPTION
Entrance to Advanced Drainage Systems' corporate headquarters in Hilliard, Ohio.
Entrance to Advanced Drainage Systems' corporate headquarters in Hilliard, Ohio.

ADS is a manufacturer of high-density polyethylene ('HDPE') corrugated pipe and related products. ADS was formed in 1966 and is based in Hilliard, Ohio.

DEAL STATS #
Overall 12 of 12
Sector (Plastics) 2 of 2
Type (Add-on Acquisition) 12 of 12
State (Connecticut) 2 of 2
Country (United States) 11 of 11
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-06 Jet Polymer Recycling

Fort Payne, Alabama, United States

Jet Polymer Recycling is a recycling company, that specializes in integrated waste management, recycling, and raw material solutions for industry. Jet Polymer Recycling was founded in 1972 and is based in Fort Payne, Alabama.

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