Canada’s Ideal Pipe bought by U.S.-based Advanced Drainage Systems
Ideal Pipe, a Canadian manufacturer of high density polyethylene (HDPE) pipe and related accessories, has been acquired by U.S.-based corrugated pipe and water management product maker Advanced Drainage Systems Inc. (ADS) for Cdn$56.8 million.
The purchase increases the Canadian footprint of ADS – which is headquartered in Hilliard, Ohio – from two to five facilities. Ideal Pipe has manufacturing facilities in Western Ontario, Eastern Ontario and Manitoba, adding to the existing ADS manufacturing facilities in Ontario and Quebec.
According to ADS, the acquisition also extends the combined company’s Canadian field sales and engineering staff, which will enable ADS to leverage its extensive product and solution set, including its Allied Products line, through Ideal Pipe’s sales and distribution network.
“Through the combination of our businesses, we will be able to pursue new and exciting opportunities in the Canadian market and offer our customers an unmatched breadth of water management products and solutions, as well as field sales/engineering experience,” said ADS chairman and CEO Joe Chlapaty. “This puts us in a stronger competitive position as compared to manufacturers of concrete, steel and PVC pipe.”
Founded in 1979, Ideal Pipe is headquartered in Thorndale, Ont. The company offers product design, manufacturing, testing and technical support of HDPE plastic pipe systems.