secwatch.observer — SEC 8-K summary
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Issuer:     ADVANCED DRAINAGE SYSTEMS, INC. (WMS)
CIK:        0001604028
Form:       8-K
Filed at:   2022-05-02T23:59:59+00:00
Accession:  0001604028-22-000014
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ADS acquires plastic stormwater/septic chamber maker Cultec, Inc.
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604028/000160402822000014/0001604028-22-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604028/000160402822000014/wms-20220502.htm
  HTML page:      https://secwatch.observer/filing/0001604028-22-000014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer