QUEBEC--(BUSINESS WIRE)--April 7, 1997--ADS INC. (ME:AAL.A.) ADS inc. ("ADS") announces the acquisition, through its subsidiary Texel inc. ("Texel"), of a 75 percent share in E.A.T. Environment inc. ("E.A.T.") and Option Assainissement inc. ("Option").
E.A.T. is a Montreal based engineering
Through this deal, Texel and the vendors, Mrs. Christiane Roy and Mr. Jean-Pierre Dube, become partners in the continued activities of E.A.T. and Option. Furthermore they will introduce on the market Texel's bioreactor. This bioreactor, developed by Texel and E.A.T., constitutes a breakthrough in the field of domestic wastewater treatment for small flows.
ADS inc. is a company primarily involved in the manufacturing sector through subsidiaries operating in the field of technical textiles and composite materials. Company shares are quoted on the Montreal Exchange under the symbol AAL.A.
CONTACT: ADS inc.
Mr. Paul Drouin, P. Eng., 418/626-3383