Advanced Drainage Systems
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Advanced Drainage Systems, Inc. (often called ADS) is a Hilliard, Ohio[1] based company which produces plastic corrugated pipes and other drainage products.
Business
The plastic pipes which ADS produces are used for draining water around buildings and streets. In this field, they compete with traditionally used concrete pipes.[2]
History
ADS was founded in 1966.[3] Since 2014, its common shares are traded on the New York Stock Exchange where they have the ticker symbol WMS.[4] In 2017, a fire at the ADS facility in Hamilton, Ohio destroyed around 1 acre of storage are full of plastic pipes.[5][6] Advanced Drainage Systems was led by Joe Chlapaty from 2004 to his retirement in 2017.[7] Afterwards, Scott Barbour became the new president and CEO. As of 2018, ADS had approximately 4400 employees.
Links
https://www.ads-pipe.com/ - official company website
References
- ^ https://www.cincinnati.com/story/news/2013/12/27/political-opposites-brown-and-portman-often-allies-on-ohio-/4228737/
- ^ http://www.dispatch.com/content/stories/business/2016/07/11/1-advanced-drainage-to-open-missouri-plan.html
- ^ 2018 Form 10-K
- ^ https://www.nyse.com/quote/XNYS:WMS
- ^ https://www.whio.com/news/local/large-fire-business-near-hamilton-leaves-one-big-glob-plastic/xdPHVOeoU7EstJf1DmMLgN/
- ^ https://www.mydaytondailynews.com/news/local/agencies-investigate-environmental-impact-fire-butler-county/KmvIXTxtVNDLRe6He0GhrJ/
- ^ http://www.dispatch.com/business/20170313/advanced-drainage-ceo-joe-chlapaty-to-retire