Chemtrade Logistics Income Fund to acquire Polytec for $150m.

Chemtrade Logistics Income Fund, a business company that specializes in the processing, handling, and distribution of chemicals and liquid services, agreed to acquire Polytec, a provider of turnkey water treatment solutions, for $150m. “This transaction will enable Chemtrade to expand its footprint in water solutions for the food-processing industry and municipal markets while also adding to our range of products. Polytec’s founder Jack Harmon has built a company with the reputation of providing the best quality service and products. It is an excellent addition to Chemtrade’s capabilities, broad spectrum of customers, logistics network, and technical expertise," Scott Rook, Chemtrade President and CEO.