Advanced Drainage Systems Announces Acquisition of Cultec, Inc.
Advanced Drainage Systems, Inc. (NYSE:WMS) ("ADS" or the "Company"), a leading provider of innovative water management solutions in the stormwater and on-site septic wastewater industries today announced the acquisition of Cultec, Inc. ("Cultec"), a family-owned technology leader in the stormwater and on-site septic wastewater industries.
"Bob DiTullio Sr. founded Cultec in 1986 based on innovative technology, engineering expertise and a dedication to customer service. Since then, Cultec has continued to build a strong reputation with a growing group of engineers, distributors and contractors," said Scott Barbour, President and Chief Executive Officer of ADS. "Today, Cultec designs and sel
