Advanced Drainage Systems Inc. has acquired Jet Polymer Recycling Inc., a supplier of recycled polypropylene to its Infiltrator Water Technologies subsidiary.
The deal gives ADS, a manufacturer of pipe, tanks and chambers used to manage storm and septic wastewater, more in-house recycling capacity for PP and high density polyethylene.
Founded in 1966, publicly traded ADS is the second-largest pipe extruder in North America with $1.49 billion in pipe sales, according to Plastics News data.
Hilliard, Ohio-based ADS uses both recycled and virgin PP and HDPE in products that drain fields, hold stormwater and control erosion for the construction, municipal infrastructure and agricultural markets.
One of ADS' growth strategies is to continue the 15-year scale-up of its in-house recycling capabilities. The company is the second-largest plastics recycler in North America, according to PN data.
Fort Payne, Ala.-based Jet Polymer Recycling is an important part of that strategy and also underpins the company's commitment to sustainability, according to ADS President and CEO Scott Barbour.
"Through this transaction, we secure high-quality recycled plastic to leverage in the fast-growing on-site septic wastewater business, as well as a platform to obtain additional high density polyethylene in the southern region of the United States, which remains a key growth area for both ADS and Infiltrator," Barbour said in a news release.
Privately held Jet Polymer reprocessed about 84 million pounds of plastic in 2020 and ranks 32nd among North American recyclers/brokers, according to PN data. The company has three plastics recycling locations in Alabama and Georgia, according to the release. The company's website shows two plants in Montgomery, Ala., plus a facility in LaGrange, Ga.
Jet Polymer was founded in 1976 in Memphis, Tenn., as Waste Processing Equipment by Bill Traylor. He started out making balers for cardboard, then formed Traylor Group in 1992 and added waste paper hauling. The company expanded into the plastics industry in 2006 under the direction of the founder's son, Ed Traylor, and the name was changed to Jet Polymer Recycling.
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