Advanced Drainage Systems acquired Jet Polymer Recycling, Inc. (with The Traylor Group, Inc. and certain assets of EAT Properties, L.L.C.) for $49.5 million (fair value of consideration transferred), a transaction completed in December 2021, structured as all cash.
Jet Polymer Recycling, Inc. (with The Traylor Group, Inc. and certain assets of EAT Properties, L.L.C.) operates in Allied Products & Other (plastics recycling), is based in Southeastern United States. ADS completed the acquisition of Jet Polymer Recycling, Inc., The Traylor Group, Inc. and certain assets of EAT Properties, L.L.C. (together, "Jet"), a privately owned recycling company in the southeastern United States. Prior to the deal, Jet was the largest supplier of recycled polypropylene for Infiltrator. The acquisition expands ADS's plastic-recycling capabilities to support future growth.
Expands ADS's plastic-recycling capabilities and secures a key internal source of recycled polypropylene feedstock for Infiltrator products.
Allied Products & Other
Advisory firms were not disclosed for this transaction.