03:51 PM EST, 11/21/2025 (MT Newswires) -- Chemtrade Logistics Income Fund (CHE-UN.TO) said Friday afternoon it completed its acquisition of Polytec, a U.S.-based provider of turnkey water-treatment solutions, for US$150 million.

Polytec's founder will remain involved for several months to support a smooth transition, the company added.

"We are pleased to welcome Polytec's employees and customers to Chemtrade," Chief Executive Scott Rook said, adding that "Polytec diversifies Chemtrade's customer base while contributing to our Vision 2030 framework."

The company said that the deal, financed through its credit facility, gives Chemtrade a new services platform it can use across its North American network.

Chemtrade units were last seen up $0.23 to $13.52 on the Toronto Stock Exchange.

Price: 13.52, Change: +0.23, Percent Change: +1.73