- Advanced Drainage Systems, Inc. (NYSE:WMS) has acquired Cultec, Inc., a family-owned plastic stormwater and septic chamber company headquartered in Brookfield, Connecticut. Deal terms were not disclosed.
- "Today, Cultec designs and sells plastic chambers and related products into the stormwater and on-site septic markets. Their products expand ADS' portfolio of solutions, enabling us to meet the growing and evolving needs of our customers," commented CEO Scott Barbour.
- Advanced Drainage Systems had $22.1 million cash in hand as of December 31, 2021.
- Price Action: WMS shares are trading lower by 0.90% at $101.54 on the last check Monday.
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
Advanced Drainage Systems Acquires Cultec For Undisclosed Sum
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks