ADS associes ltee Announces an Agreement.QUEBEC, Quebec--(BUSINESS WIRE)--March 7, 1996--ADS Associes Ltee (ME:AAL (ATM Adaption Layer) The part of the ATM protocol that breaks up application packets into 48-byte payloads which become ATM cells when the 5-byte headers are attached. The AAL resides between the higher layer transport protocols and the ATM layer. ) ADS associes ltee ("ADS"), Fernand Bernard and Christian Bernard For details of the South African pioneering heart surgeon, see Christiaan Barnard Christian Bernard (born November 30, 1951), F.R.C., is the current (as of 2007) Imperator of AMORC, a mystical Rosicrucian order. He became Imperator on April 12, 1990. have announced that they signed an agreement in principle today whereby BFV BFV Battlefield Vietnam (computer game) BFV Bundesamt Für Verfassungsschutz (German: federal office for defending the Constitution) BFV Bradley Fighting Vehicle BFV Barmah Forest Virus will sell to ADS the 40 percent interest BFV holds in Beauce Composites Inc. Through this transaction, ADS will increase its direct and indirect interest in Beauce Composites Inc. to 94 percent of the outstanding shares. The remaining shares are the property of certain company managers. The agreement in principle also anticipates the sale to Beauce Composites Inc. of a 60 percent interest in Pultrall Inc., by Christian Bernard and Jacques Routhier. Beauce Composites Inc. and its subsidiary TM Composites Inc. are specialized in the manufacture and distribution of composite components to the industrial and transport markets, and have about 370 employees. Pultrall Inc. is specialized in the manufacture and distribution of composite rods and components that are made by utilizing the exclusive pultrusion Pultrusion is a continuous process of manufacturing of composite materials with constant cross-section whereby reinforcing fibers are pulled through a resin, possibly followed by a separate preforming system, and into a heated die, where the resin undergoes polymerization. , rolling and compression processes, and have major potential for development. The products manufactured by Pultrall Inc. are also for the industrial and transport markets and complement those manufactured by the Group. The value of the transaction is estimated at $7.9 million, and it is already a given that the cost of the acquisition will be financed in large part through the issuing of ADS common shares in favor of the vendors. Subject to the approval of regulatory authorities and the fulfilment of certain prerequisites, the deal should be closed at the end of June, 1996. Christian Bernard, who is currently Vice President, Development, at Beauce Composites Inc. will remain in the employ of Beauce Composites Inc. when the deal is closed and will also become the Chief Executive Officer of Pultrall Inc. These transactions will allow ADS to consolidate its interest in Beauce Composites Inc. and to acquire the technology developed by Pultrall Inc. in the field of pultrusion. ADS is a holding company active principally in the manufacturing sector through subsidiaries in the fields of technical textiles The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. and composites. In addition, ADS has an interest in the construction engineering sector. Company shares are listed on the Montreal Exchange Montreal Exchange A Canadian derivatives exchange that facilitates the trading of stock options, interest rate futures and options, as well as index options and futures. Located in Montreal, Quebec, it is the country's main financial derivative market, while the Winnipeg under the symbol AAL. CONTACT: ADS associes ltee Paul Drouin, Eng. Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. 418/626-3383 |
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