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Advanced Drainage Systems — a manufacturer of water management products and solutions for commercial, residential, infrastructure and agricultural applications — announced the acquisition of Infiltrator Water Technologies — a manufacturer of products for the water and wastewater industries — for a purchase price of approximately $1.08 billion, from an affiliate of the Ontario Teachers’ Pension Plan and other stockholders.
Jason Hild, who served as CEO of SCI, will be the CEO of the combined company, and Tom Fish, who served as President and CEO of Anvil, will act as its chairman.
Anvil International (“Anvil”), a global designer, manufacturer and provider of high-quality products that connect and support piping systems, and Smith-Cooper International (“SCI”), a global designer and provider of branded, high-quality pipes, valves, and fittings, announced on April 26, they have entered into a definitive agreement to merge.
