Textiles, Apparel and Luxury Goods
Company Overview of ADS Inc.
ADS Inc., together with its subsidiaries, designs, develops, and manufactures nonwoven materials for the industrial sector primarily in Canada and the United States. The company’s nonwovens are used in various applications, including geotextiles, liquid filtration, air filtration, wipes, agrotextiles, medical services sector, and footwear, as well as for various industrial purposes. ADS Inc.'s activities also include the extrusion of polyvinyl chloride, polyurethane, and polyethylene polymers. Its extrusion activities cover three market segments: hospital sector products; civil engineering products, principally membranes for the sewer network rehabilitation market; and construction industry ...
485, rue des Érables
Saint-Elzéar, QC G0S 2J0
Founded in 1977
Key Executives for ADS Inc.
Chief Executive Officer, President, Secretary, Treasurer and Director
Co-Founder, Executive Vice President and Director
Chief Financial Officer, Vice President of Operations and Director
Executive Vice-President of Texel Inc
Compensation as of Fiscal Year 2017.
ADS Inc. Key Developments
ADS Inc. Agrees to Pay $16 Million to Settle False Claims Act Allegations
Aug 11 17
ADS Inc. and its subsidiaries have agreed to pay the United States $16 million to settle allegations that they violated the False Claims Act by knowingly conspiring with and causing purported small businesses to submit false claims for payment in connection with fraudulently obtained small business contracts, the Department of Justice announced today. The settlement further resolves allegations that ADS engaged in improper bid rigging relating to certain of the fraudulently obtained contracts. The settlement with ADS ranks as one of the largest recoveries involving alleged fraud in connection with small business contracting eligibility. In order to qualify as a small business, companies must meet defined eligibility criteria, including requirements concerning size, ownership, and operational control. The settlement with ADS resolves allegations that ADS, together with several purported small businesses that it controlled, fraudulently induced the government to award certain small business set-aside contracts by misrepresenting eligibility requirements. The purported small businesses affiliated with ADS include Mythics Inc., London Bridge Trading Co. Ltd., as well as MJL Enterprises LLC, which falsely claimed to be an eligible service-disabled veteran-owned company, and SEK Solutions LLC and Karda Systems LLC, both of which falsely claimed to qualify as socially or economically disadvantaged businesses under the Small Business Administration's 8(a) Business Development Program. ADS and its affiliates allegedly concealed the companies' affiliations with ADS and knowingly made misrepresentations concerning the size of the businesses and their eligibility as service-disabled or 8(a) qualified businesses. Finally, the settlement resolves allegations that ADS engaged in illegal bid rigging schemes that inflated or distorted prices charged to the government under certain contracts.
ADS Inc. Presents at Deutsche Bank 8th Annual Global Industrials and Materials Summit, Jun-08-2017
Mar 15 17
ADS Inc. Presents at Deutsche Bank 8th Annual Global Industrials and Materials Summit, Jun-08-2017 . Venue: The Westin Chicago River North, 320 North Dearborn Street, Chicago, IL 60654, United States. Speakers: Joe Chlapaty, CEO, Ron Vitarelli, COO, Scott Cottrill, CFO.
ADS Inc. Presents at J.P. Morgan Global High Yield & Leveraged Finance Conference, Feb-29-2016 09:40 AM
Feb 12 16
ADS Inc. Presents at J.P. Morgan Global High Yield & Leveraged Finance Conference, Feb-29-2016 09:40 AM. Venue: Loews Miami Beach Hotel, Miami Beach, Florida, United States. Speakers: Karan Rai, President & CFO.
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