FOR IMMEDIATE RELEASE
Hilliard, Ohio – June 15, 2010: In its latest move in a series of recent acquisitions, Advanced Drainage Systems, Inc. (ADS) announced today that it has acquired the Inserta Fittings Company, manufacturers of Inserta Tee®. These units provide a unique method of water-tight lateral service connection for waste water and storm water pipe systems. Inserta Tees and related products readily fit ADS pipe and can be used to connect corrugated, solid wall, profile wall and concrete pipe regardless of manufacturer.
"Inserta Tee is another example of an innovative technology that fits well with our other broad product offerings," stated Joe Chlapaty, Chairman and Chief Executive Officer of ADS. "Because it is easy to install, coupled with its high performance capabilities, Inserta Tee represents a highly desirable solution for field installation of secure connections. It is our goal to continually add innovative products and services that help others operate more efficiently." This acquisition comes on the heels of ADS' purchase of StormTech LLC, Foltz Concrete Pipe Company and Piedmont Concrete Structures.
"The need for reliable, cost-effective and long-life products to handle water and sewer applications continues to accelerate," Chlapaty continued. "ADS will be in the forefront to service our customers."
Inserta Fittings Company, located in Forest Grove, Oregon, was established in 1969 with the stated goal of developing a solution to the challenge of providing a faster, higher quality and more cost-effective method for lateral service connections. Today the company offers a comprehensive line of water tight fittings for nearly all storm, sanitary and electrical applications.
Advanced Drainage Systems, Inc. (ADS) is the world's largest producer of corrugated polyethylene pipe. Founded in 1966, it serves the storm and waste water industry through a global network of 48 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 related products.
For more information, please contact:
Ms. Tori L. Durliat
ADVANCED DRAINAGE SYSTEMS, INC.
Director of Marketing
401 Olive Street, Findlay, Ohio 45840