HILLIARD, Ohio--(BUSINESS WIRE)--
Advanced Drainage Systems, Inc. (NYSE: WMS) (“ADS” or the “Company”), a
leading global manufacturer of water management products and solutions
for commercial, residential, infrastructure and agricultural
applications, today announced that it has expanded production capacity
in Florida to better serve growing demand in the state.
Joe Chlapaty, Chairman and CEO of ADS commented, "We have been pleased
with the business activity in Florida and the growing demand for both
our pipe and Allied Products. Our decision to expand production capacity
at our Sebring facility will help us meet current and future demand,
reduce delivery times and improve service to our customers in Florida.”
The increased production capacity at the Sebring location will be
focused on manufacturing the Company’s N-12 product line. The Company
has recently added delivery capability to meet customer service needs
and will continue to distribute all of its pipe and Allied Products from
this location, which primarily serves the South Florida market.
About Advanced Drainage Systems, Inc.:
Advanced Drainage Systems (ADS) is the leading manufacturer of high
performance thermoplastic corrugated pipe, providing a comprehensive
suite of water management products and superior drainage solutions for
use in the construction and infrastructure marketplace. Its innovative
products are used across a broad range of end markets and applications,
including non-residential, residential, agriculture and infrastructure
applications. The Company has established a leading position in many of
these end markets by leveraging its national sales and distribution
platform, its overall product breadth and scale and its manufacturing
excellence. Founded in 1966, the Company operates a global network of 61
manufacturing plants and 31 distribution centers. To learn more about
the ADS, please visit the Company’s website at www.ads-pipe.com.
Forward Looking Statements:
Certain statements in this press release may be deemed to be
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. These statements are not historical
facts but rather are based on the Company’s current expectations,
estimates and projections regarding the Company’s business, operations
and other factors relating thereto. Words such as “may,” “will,”
“could,” “would,” “should,” “anticipate,” “predict,” “potential,”
“continue,” “expects,” “intends,” “plans,” “projects,” “believes,”
“estimates,” “confident” and similar expressions are used to identify
these forward-looking statements. These statements are only predictions
and as such are not guarantees of future performance and involve risks,
uncertainties and assumptions that are difficult to predict. Actual
results may differ materially from those in the forward-looking
statements as a result of a number of factors, including those described
from time to time in the Company’s filings with the Securities and
Exchange Commission.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160712006505/en/
Advanced Drainage Systems, Inc.
Marketing
Tori Durliat
419-424-8275
tori.durliat@ads-pipe.com
or
Investor
Relations
Michael Higgins
614-658-0050
mike.higgins@ads-pipe.com
Source: Advanced Drainage Systems, Inc.