M&A Deal Summary

ADS Acquires Plastic Tubing Industries

On February 6, 2017, ADS acquired plastics company Plastic Tubing Industries for 10M USD

Acquisition Highlights
  • This is ADS’s 1st transaction in the Plastics sector.
  • This is ADS’s 3rd largest (disclosed) transaction.
  • This is ADS’s 7th transaction in the United States.
  • This is ADS’s 1st transaction in Florida.

M&A Deal Summary
Date 2017-02-06
Target Plastic Tubing Industries
Sector Plastics
Buyer(s) ADS
Deal Type Add-on Acquisition
Deal Value 10M USD

Target

Plastic Tubing Industries

Apopka, Florida, United States
Plastic Tubing Industries, Inc. is a manufacturer of HDPE pipe and related accessories used in stormwater, wastewater and drainage applications.

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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 8 of 12
Sector (Plastics) 1 of 2
Type (Add-on Acquisition) 8 of 12
State (Florida) 1 of 1
Country (United States) 7 of 11
Year (2017) 1 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-02 Ideal Pipe

Thorndale, Ontario, Canada

Ideal Pipe produces products and solutions utilized in today’s agricultural, commercial, residential, recreational and highway drainage and storm-water management and treatments.

Buy $57M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-03 DURASLOT

South Glens Falls, New York, United States

DURASLOT, Inc. is a manufacturer of storm water collection surface drains used in a variety of construction applications. DURASLOT was founded in 1987 and is based in South Glens Falls, New York.

Buy -
Mergr

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