FOR IMMEDIATE RELEASE
Hilliard, Ohio – April 1, 2010: Advanced Drainage Systems, Inc. (ADS), completed today the acquisition of Foltz Concrete Pipe Company, LLC of Winston-Salem, North Carolina.
"We at ADS are very excited about our purchase of Foltz," stated Joe Chlapaty, Chairman and Chief Executive Officer of ADS. "The acquisition of Foltz is yet another step ADS is taking to meet the needs of the storm drain and sanitary sewer markets. The unique ability to package multiple products to the same job-site including; plastic pipe, concrete pipe, precast structures, StormTech® chambers, Water Quality Units etc. can be of tremous value to the customer," stated Chlapaty.
In addition to the packaged shipping abilities, ADS has a nationwide team of engineers and sales professionals who work with consulting engineers, agencies, distribution partners and installing contractors to provide cost effective solutions for drainage and sanitary sewer projects and programs. The addition of concrete pipe and precast structures further enhances ADS' abilities as a solutions provider.
"With the recent economic downturn, ADS has been uniquely positioned to take a decisive role in establishing strategic alliances with companies like Foltz who are the best in their class," said Chlapaty. "We look for partners who share in our vision, along with products and technologies that improve effectiveness in all aspects of drainage performance. This acquisition is the kind of bold move our customers have come to expect and is the ideal fit with our goals and relentless passion for growing the industry.
This is the first of many, similar acquisitions that will take place as the year unfolds. As the unmatched industry leader, we will continue to provide comprehensive product, application and service solutions for design engineers, public works officials and underground utility contractors."
Established in 1931, Foltz manufactures a complete line of high quality concrete pipe and structures. George Sowers purchased the Foltz Company in 1997 and then completed a new pipe plant in 2008. Utilizing state-of-the-art manufacturing practices and equipment, Foltz produces a single offset joint concrete pipe in diameters 15" through 72", unique to the industry, as well as catch basins and other precast products. "We at Foltz are excited to have access to additional resources that will enhance our manufacturing outputs and customer service," observed George Sowers, Foltz owner. "Like ADS, at Foltz, we go the extra mile to ensure that customer needs are met in a timely manner."
For additional information call ADS at (800) 821-6710, go to www.ads-pipe.com or contact any local ADS office.
About Advanced Drainage Systems, Inc.:
Advanced Drainage Systems, Inc. (ADS) is the world's largest producer of corrugated HDPE pipe. Founded in 1966, it serves the storm and waste water industry through a global network of 46 domestic and international manufacturing plants and more than 22 distribution centers. In addition to its flagship N-12 pipe, the company offers a complete line of fittings and other accessories including StormTech storm water chambers, Nyloplast® drainage structures, BaySaver Technologies® storm water treatment units, FLEXSTORM™ Inlet Filters and various geotextiles.
For more information, please contact:
Ms. Tori L. Durliat
ADVANCED DRAINAGE SYSTEMS, INC.
Director of Marketing
401 Olive Street, Findlay, Ohio 45840