Advanced Drainage Systems Signs Definitive Deal To Acquire Orenco Systems; No Terms Disclosed
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Advanced Drainage Systems has signed a definitive agreement to acquire Orenco Systems, a manufacturer of advanced onsite septic wastewater treatment products. The transaction is expected to close in the third quarter of fiscal 2025, pending customary closing conditions.
August 20, 2024 | 8:02 pm
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Advanced Drainage Systems (WMS) has announced a definitive agreement to acquire Orenco Systems, enhancing its product portfolio in the wastewater treatment sector. The deal is expected to close in fiscal Q3 2025.
The acquisition of Orenco Systems by Advanced Drainage Systems is likely to enhance WMS's product offerings in the wastewater treatment market, potentially leading to increased revenues and market share. The announcement of the deal is a positive signal for investors, indicating strategic growth and expansion.
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