ADS Acquires StormTech LLC
Advanced Drainage Systems Inc. (ADS) has acquired the remaining 50% interest in StormTech LLC.
StormTech was created as a 50-50 joint venture between ADS and Infiltrator Systems Inc. to engineer and manufacture chambers for use in underground storm water retention/detention systems.
According to the company, StormTech chambers are engineered to meet the rigorous demands of subsurface storm water management, and provide optimal underground detention for storm water runoff.
"This significant investment in a proven, patented technology is part of our ongoing mission and commitment to growth in the storm water management industry,” said Joseph Chlapaty, chairman and chief executive officer of ADS. “The StormTech chamber line is a classic example of groundbreaking technology, and one in which we see tremendous growth opportunity, both domestically and internationally. As the industry leader, this was a logical next step to help us meet our strategic growth objectives. No other company offers the vast array of storm water management products coupled with the engineering and sales support to back them up.”
According to ADS, the StormTech product line has seen tremendous growth in recent years. The company also said SC-740 and SC-310 chambers have provided an economical solution to storm water management for the past several years, and the newly introduced MC-3500 is proving to be an immediate success as the larger capacity reduces footprint and related excavation costs. This summer, StormTech will launch an additional new product, the MC-4500, which will aim to further expand the cubic feet of storage capacity per chamber.
Source: ADS
