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August 4, 2005 Water Industry Plastics Pipe Acquisition Seattle, WA, USA--(Jobwerx News)--The new organization, producing plastics
pipe and fittings worldwide, looks to be a vigorous competitor in the
storm water drainage industry.
Hancor, Inc. is an industry leader providing innovative drainage and
water conservation solutions for a broad range of industries and applications
worldwide. The company operates 15 manufacturing facilities and 5 distribution
centers serving North America through its broad network of independent
distributors. The company’s Sur-Lok® pipe is complemented with EcoFirst®
recycled HDPE pipe and SaniTite™ pipe for sanitary sewers. The company
also provides a wide range of fittings, geotextiles and other underground
drainage structures.
“An investment of this scale clearly demonstrates ADS’ ongoing commitment
to promoting the approval and acceptance of HDPE pipe in building and
repairing the country’s storm sewer infrastructure,” Chlapaty continued.
“We believe the completion of our transaction will provide significant
benefits to our customers in the marketplace.” “We will have an unmatched breadth of product line and field
sales/engineering experience to support the industry in meeting the challenges
of future growth and infrastructure repair,” said Chlapaty. “Now with
the size and scale to enhance our manufacturing, marketing and distribution
efficiencies, we will be in a stronger position to compete with manufacturers
of concrete, steel and PVC pipe.”
The two companies are developing integration plans that
build on the cultural similarities and the best business and product development
practices from each company. Chlapaty stated that “successful integration
of the two companies will be critical in our success going forward. Our
philosophy is one dedicated to build and acquire the necessary technologies
to provide the best products and services to our customers worldwide.
In addition to its flagship N-12® pipe, ADS offers a complete line of
fittings and other accessories including StormTech® stormwater chambers,
Nyloplast drainage structures and various geotextiles through its relationship
with SI Geosolutions, and Naue GmbH.
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