Advanced Drainage Systems, Inc. (ADS), a leading global manufacturer of water management products and solutions for commercial, residential, infrastructure and agricultural applications, today announced that it has acquired Duraslot Inc., a manufacturer of storm water collection surface drains used in a variety of construction applications. This transaction is consistent with ADS’ strategy of making synergistic tuck-in acquisitions to leverage the existing footprint and sales network as well as to supplement organic growth. Terms of the transaction were not disclosed.
“We are excited to welcome the Duraslot product into the ADS family of Allied Products,” said Joe Chlapaty, Chairman and Chief Executive Officer. “Duraslot is a proven product technology that ADS knows well having used it on certain applications over the years. We feel Duraslot broadens our solutions offering and growth opportunities, and we will look to leverage our nationwide sales, engineering, manufacturing and customer network to further increase its market presence.”
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