ADS is a publicly listed manufacturer of plastic pipes and other water management products, and now has many plastic recycling businesses under its umbrella. | Xato/Shutterstock
Advanced Drainage Systems, one of the largest plastic recycling companies in North America, has acquired its largest supplier of recycled polypropylene.
Advanced Drainage Systems (ADS) of Hilliard, Ohio, announced on December 6 that it had acquired Jet Polymer Recycling, a private company based in Fort Payne, Alabama that owns three plastic recycling facilities. Financial details of the transaction were not disclosed.
ADS is a publicly listed manufacturer of plastic pipes and other water management products, and now has many plastic recycling businesses under its umbrella. Before ADS acquired Infiltrator Water Technologies (IWT) in 2019, the company owned HDPE recycling machine Green Line Polymers, which included Champion Polymer Recycling, a PE, PP and PS recycler.
ADS describes itself as the second largest plastic recycling company in North America. It already has five plastic recycling businesses.
According to the press release, the newly acquired Jet Polymer Recycling is currently IWT's largest supplier of recycled PP. Its three plastic recycling facilities are located in Alabama and Georgia.
"This acquisition advances our strategic focus to expand ADS recycling capabilities to support future growth, while also strengthening ADS's commitment to environmental sustainability," ADS President and CEO Scott Barbour said in a press release. "Through this transaction, we have obtained high-quality recycled plastics to take advantage of the rapidly growing on-site septic tank wastewater business, as well as a platform to obtain additional high-density polyethylene in the southern region of the United States, which is still a key ADS and Infiltrator Growth areas."
According to the company's latest sustainability report, 51% of the plastic raw materials purchased by ADS in fiscal year 2020 are post-consumer or post-industrial materials. The result is 560 million pounds of recycled plastic, mainly HDPE and PP. In the last fiscal year, 47% of the company's plastic raw materials came from recycled resources.
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