Chemtrade Logistics Income Fund completed the acquisition of Polytec for $150m.

Chemtrade Logistics Income Fund, a business company that specializes in the processing, handling, and distribution of chemicals and liquid services, completed the acquisition of Polytec, a provider of turnkey water treatment solutions, for $150m. “We are pleased to welcome Polytec’s employees and customers to Chemtrade. This acquisition represents a significant growth opportunity by adding a unique treatment solutions platform to our water chemicals business. Polytec’s founder, Jack Harmon, has built a company with a well-known reputation for high quality service and products that will be an excellent complement to Chemtrade’s industry-leading manufacturing capabilities. Moreover, Polytec diversifies Chemtrade’s customer base while contributing to our Vision 2030 framework,” Scott Rook, Chemtrade President and CEO.