Hilliard, Ohio, December 6, 2021--(Business Wire)--Advanced Drainage Systems, Inc. (NYSE: WMS) ("ADS" or "Company") is rainwater and rainwater Leading provider of innovative water management solutions in the field. The on-site septic tank wastewater industry today announced the acquisition of Jet Polymer Recycling ("Jet"), a private recycling company located in the southeastern United States.

"We are very happy to welcome Jet to ADS," said Scott Barbour, President and CEO of ADS. "This acquisition advances our strategic focus to expand ADS recycling capabilities to support future growth, and at the same time strengthens ADS's commitment to environmental sustainability. Through this transaction, we have obtained high-quality recycled plastics to take advantage of rapid growth. The on-site septic tank wastewater business and the platform to obtain additional HDPE in the southern region of the United States remain key growth areas for ADS and Infiltrator."

Jet Polymer is headquartered in Fort Payne, Alabama, and has three plastic recycling locations in Alabama and Georgia. Jet Polymer is currently the largest supplier of recycled polypropylene plastics to Infiltrator Water Technologies, a subsidiary of Advanced Drainage Systems.

Advanced Drainage Systems is a leading provider of innovative water management solutions for the rainwater and on-site septic tank wastewater industries, providing superior drainage solutions for the construction and agricultural markets. For more than 50 years, the company has been manufacturing a variety of innovative and environmentally friendly alternatives to traditional materials. Its innovative products are used in a wide range of end markets and applications, including non-residential, residential, infrastructure and agricultural applications. With its national sales and distribution platform, overall product breadth and scale, and excellent manufacturing capabilities, the company has established a leading position in many end markets. The company was founded in 1966 and operates a global network of approximately 60 manufacturing plants and 30 distribution centers. To learn more about ADS, please visit the company's website www.adspipe.com.

Certain statements in this press release may be considered forward-looking statements. These statements are not historical facts, but are based on the company's current expectations, estimates and forecasts of the company's business, operations and other related factors. Words such as "may", "will", "may", "will", "should", "expect", "forecast", "potential", "continue", "anticipate", "intend", "plan", etc. , "" "Project", "believe", "estimate", "confident" and similar expressions are used to identify these forward-looking statements. Factors that may cause actual results to differ from those reflected in forward-looking statements related to our operations and business include: fluctuations in the price and availability of resins and other raw materials, and our ability to pass on any increased raw material costs to our customers Timely processing; fluctuations in general business and economic conditions in the markets in which we operate, including the adverse impact of the COVID-19 global pandemic on the U.S. and global economies, and the impact of COVID-19 on our business in the short, medium and long term, Operating performance, financial status, liquidity or cash flow, and other constraints related to credit availability, interest rates, capital fluctuations, and business and consumer confidence; non-residential and residential construction markets and the periodicity and seasonality of infrastructure spending; The risks of increased competition in our existing and future markets, including competition from manufacturers of high-performance thermoplastic corrugated pipes and product manufacturers using alternative materials, and our continued conversion of current demand for concrete, steel, and PVC pipe products into demand Competence for our high-performance thermoplastic bellows and related products; uncertainty surrounding the integration and realization of expected benefits from acquisitions and similar transactions (including Infiltrator Water Technologies); weather or seasonal effects; loss of any of our important customers ; The risks of developing international business; the risks of developing part of our business through joint ventures; our ability to expand into new geographies or product markets, including the risks associated with new markets and products related to our recent acquisition of Infiltrator Water Technologies; we achieve growth The ability of the acquisition part of the strategy; the risks associated with the manufacturing process; our ability to manage assets; the risks associated with our product warranty; our ability to manage supply procurement and customer credit policies; we control labor costs and attract, train, and retain The ability to live high-quality employees and key personnel; our ability to protect intellectual property rights; changes in laws and regulations, including environmental laws and regulations; risks related to our current debt levels, including loans under our existing credit agreements and our existing Unpaid debt under senior notes; fluctuations in our effective tax rate, including​​ the 2017 Tax Cuts and Jobs Act; our ability to meet future capital needs and fund our liquidity needs; and the company's contribution to U.S. securities Other risks and uncertainties described in the documents submitted by the Exchange Commission. New risks and uncertainties appear from time to time, and the company cannot predict all risks and uncertainties that may affect the forward-looking statements contained in this press release. In view of the material uncertainties inherent in the forward-looking information contained herein, the inclusion of such information should not be regarded as an indication by the company or any other person that the company's expectations, goals, or plans will be achieved or fundamental within the expected time frame. Investors are reminded not to rely too much on the company’s forward-looking statements. The company does not undertake the obligation to publicly update or revise any forward-looking statements, whether due to new information, future events or other reasons, unless required by law.

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Michael Higgins Vice President of Corporate Strategy and Investor Relations (614) 658-0050 Mike.Higgins@ads-pipe.com

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