Chemtrade Logistics Income Fund Announces Closing of the Acquisition of Polytec, Inc.

Core Viewpoint - Chemtrade Logistics Income Fund has successfully completed the acquisition of Polytec, Inc. for US$150 million, enhancing its water treatment solutions capabilities and supporting its Vision 2030 growth targets [1][2][3]. Group 1: Acquisition Details - The acquisition of Polytec, a provider of turnkey water treatment solutions based in the southeastern United States, was financed through Chemtrade's credit facility [1]. - Polytec's founder will remain involved post-acquisition to ensure a smooth transition for employees and customers [2]. Group 2: Strategic Benefits - This acquisition allows Chemtrade to leverage a unique solutions platform across its North American operations, creating cross-selling and growth opportunities in municipal and food-processing markets [2][4]. - The addition of Polytec expands Chemtrade's existing water treatment chemicals platform, enhancing service capabilities and product offerings [3][4]. Group 3: Financial Implications - Chemtrade's CFO highlighted that the acquisition is supported by a strengthened balance sheet and robust cash flows, which will enable continued investments in high-return organic growth projects [5]. - Following the acquisition, Chemtrade's leverage remains within target ranges, ensuring ample liquidity for future investments and capital returns to unitholders [5].