August 19, 2017 1:07 PM ET

Textiles, Apparel and Luxury Goods

Company Overview of ADS Inc.

Company Overview

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

Canada

Founded in 1977

Phone:

418-387-5910

Fax:

418-387-4326

Key Executives for ADS Inc.

Chief Executive Officer, President, Secretary, Treasurer and Director
Co-Founder and Chairman
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

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

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

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.

Similar Private Companies By Industry

Company Name Region
2900319 Canada Inc. Americas
3892981 Canada, Inc. Americas
4145275 Canada Inc. Americas
429149 B.C. Ltd. Americas
7mesh Inc. Americas

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
\
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
The Advertising Council, Inc. United States
Bertelsmann AG Europe
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact ADS Inc., please visit --. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.