M&A Deal Summary

ADS Acquires NDS

On September 23, 2025, ADS acquired building materials company NDS from Norma Group for 1.0B USD

Acquisition Highlights
  • This is ADS’s 6th transaction in the Building Materials sector.
  • This is ADS’s 2nd largest (disclosed) transaction.
  • This is ADS’s 12th transaction in the United States.
  • This is ADS’s 1st transaction in California.

M&A Deal Summary

Date 2025-09-23
Target NDS
Sector Building Materials
Buyer(s) ADS
Sellers(s) Norma Group
Deal Type Divestiture
Deal Value 1.0B USD

Target

NDS

Woodland Hills, California, United States
NDS is a manufacturer of water management solution products, including plastic irrigation, drainage, and valve products that are used in many common residential, commercial, and landscaping applications in North America. NDS was founded in 1972 and is based in Woodland Hills, California.

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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 13 of 13
Sector: Building Materials M&A 6 of 6
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 12 of 12
Year: 2025 M&A 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-02 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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Seller(S) 1

SELLER

Norma Group

Maintal, Germany

Category Company
Founded 1896
Sector Manufacturing
Employees6,077
Revenue 1.2B EUR (2024)
DESCRIPTION

Norma Group is a manufacturer of a comprehensive range of innovative joining-technology products in the clamp, connect, and fluid categories. Norma Group was founded in 1896 and is based in Maintal, Germany.


DEAL STATS #
Overall 1 of 1
Sector: Building Materials M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-28 Fengfan Fastener Co.

China

Fengfan Fastener (Shaoxing) Co., Ltd. is a manufacturer of cable ties, fastening elements and specially coated, fire-resistant textiles with stainless steel, nylon and specialty materials.

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