Advanced Drainage Systems, Inc. (NYSE: WMS) (“ADS” or the “Company”), a leading provider of innovative water management solutions in the stormwater and onsite wastewater industries today announced that it has completed the previously disclosed acquisition of the water management business of Norma Group SE (DAX: NOEJ), known as National Diversified Sales (“NDS”).
This transaction expands ADS’ water management offering into complementary segments through the addition of NDS’ residential water management, access box, and irrigation solutions. The integration of NDS solidifies ADS’ position as an end-to-end water solutions provider while advancing its core growth strategy by strengthening the Allied Products portfolio, expanding distribution, and increasing customer reach.
“We are excited to officially close this transaction and welcome NDS to the ADS family,” said Scott Barbour, Chief Executive Officer and President of ADS. “This transaction builds on the progress we have made transforming ADS into a more diversified, higher-margin business with a strengthened set of solutions we bring to customers across the water value chain. With our disciplined approach to integration and capital allocation, we believe this combination positions us well to create long-term value and advance our strategy in attractive, growing end markets.”
Advisors
Centerview Partners LLC and Jefferies LLC acted as financial advisors and Davis Polk & Wardwell LLP, Squire Patton Boggs (U.S.) LLP and Hengeler Mueller acted as legal advisors to the Company.
About NDS
Since its humble beginnings in 1972 with the invention of the first plastic catch basin for landscape drainage, NDS has grown into one of the world’s most trusted brands for stormwater, irrigation, access box, and flow management solutions. Its commitment to industry leadership has been unwavering, resulting in remarkable innovations and state-of-the-art products that are engineered and manufactured for performance, durability, ease of installation, and the efficient use of resources.
About ADS
Advanced Drainage Systems is a leading manufacturer of innovative stormwater and onsite wastewater solutions that manage the world’s most precious resource: water. ADS, along with NDS and Infiltrator Water Technologies, provides superior stormwater drainage and onsite wastewater products used across commercial, residential, infrastructure, and agricultural applications, while delivering unparalleled customer service. ADS operates the industry’s largest company-owned fleet, an expansive sales team and a vast manufacturing network. As one of the largest plastic recycling companies in North America, ADS keeps more than 400 million pounds of plastic out of landfills each year. Founded in 1966, ADS’ water management solutions are designed to last for decades. To learn more, visit the Company’s website at www.adspipe.com/corp.
