Advanced Drainage Systems, Inc. (NYSE:WMS) is seeking acquisitions. Joseph A. Chlapaty, Chairman, Chief Executive Officer and President, said, “There is active review going on now for potential acquisitions. And you never know when those are going to occur. They become a discussion and negotiation and an analysis. But there is activity going on in that arena. I might add that we are so excited about our Allied Products and the new HP Pipe that we're being cautious in terms of share buyback because we could see ourselves investing some meaningful dollars in the organic growth opportunities and initiatives. And what we've decided to do is, the board is going to take a revised look in August at our next board meeting of where our share purchase program goes and the strategy involved with that.” Chlapaty added, “We will continue to accelerate this growth through innovation, such as our recently launched HPXR 75 product line as well as bolt-on acquisitions that complement our product suite and geographic footprint.”
Advanced Drainage Systems, Inc. is engaged in manufacturing water management solutions for the stormwater and onsite septic wastewater industries, which provides superior drainage solutions for use in the construction and agriculture marketplaces. The Company's segments include Pipe, International, Infiltrator and Allied Products & Other. Its Pipe segment manufactures and markets performance thermoplastic corrugated pipe throughout the United States. Its Infiltrator is engaged in providing plastic leach field chambers and systems, septic tanks and accessories, primarily for use in residential applications. International segment manufactures and markets products in regions outside of the United States, with owned facilities in Canada and those markets serviced through its joint ventures in Mexico and South America. The Companyâs Allied Products & Other segment offers adjacent technologies to its core Pipe offering, presenting a complete drainage solution for its clients and customers.
ADVANCED DRAINAGE SYSTEMS, INC. 
