M&A
confidence medium
sentiment positive
materiality 0.65
ADS acquires plastic stormwater/septic chamber maker Cultec, Inc.
ADVANCED DRAINAGE SYSTEMS, INC.
- Advanced Drainage Systems acquired Cultec, Inc., a family-owned plastic stormwater and septic chamber company.
- Cultec was founded in 1986 by Bob DiTullio Sr.; headquartered in Brookfield, Connecticut.
- The acquisition expands ADS’ product portfolio in stormwater and on-site septic markets.
- No financial terms of the deal were disclosed in the announcement.