Advanced Drainage Systems expands operations with acquisition of Jet Polymer Recycling
In December 2021, Advanced Drainage Systems (ADS) announce it will be acquiring Jet Polymer Recycling, a US-based recycling company that is also the biggest recycled polypropylene plastic supplier for Infiltrator Water Technologies, a company that's also owned by ADS. The acquisition helps ADS since it is acquiring these services as doing so can help ADS optimize their processes instead of relying on a third party they have little control over. This acquisition also allows ADS to expand in the southern parts of the United States due to the companies established locations in states such as Alabama and Georgia.
COVID|ESG|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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