Chemtrade Completes Canexus Buy
Following clearance by Canadian regulators, Chemtrade Logistics has completed its acquisition of chlor-alkali and sodium chlorate producer Canexus for 900 million Canadian dollars. The deal was originally agreed last December.
The acquisition has added sodium chlorate, caustic soda, chlorine and hydrochloric acid to Chemtrade’s portfolio. “The Canexus businesses are an excellent strategic fit with Chemtrade's existing operations, adding significant size, scale and diversity to our product and service platform,” said CEO, Mark Davis. “We are now one of the largest sodium chlorate suppliers in North America and have diversified our product portfolio with the addition of chlor-alkali products. In addition, our geographic reach and diversity is enhanced with operations in Brazil,” he noted.
Based in Calgary, Alberta, Canexus makes sodium chlorate and chlor-alkali products largely for the pulp, paper and water-treatment industries. It operates four plants in Canada and two in Brazil, which will be integrated with Chemtrade’s operations.