Chemtrade Logistics Inc. Agrees to Purchase Canexus Corporation.

Canada: Chemtrade Logistics Inc., a Toronto based leading service and industrial chemical products provider in North America, has announced plans to acquire Alberta based Canexus Corporation. Chemtrade Logistics Inc. reached to an agreement to acquire Canexus Corporation for worth USD1.65 cash per share. Canexus corporation is involved in production of chlor-alkali and sodium chlorate products for water treatment and paper & pulp industries. This agreement will result in a mutually beneficial outcome for Chemtrade unitholders and Canexus shareholders.

TechSci Research depicts that the acquisition of Canexus Corporation. by Chemtrade Logistics Inc. would improve the presence of Chemtrade in North America region and strengthen its position in global industrial chemical market. Moreover, growing demand for the industrial chemical in the water and waste water treatment is projected to boost the consumption of the chlor alkali and sodium chlorate products worldwide.

According to the recently published report by TechSci Research, “Global Chlorine Dioxide Generators Market By Type, By Application, By Region, Competition Forecast and Opportunities, 2011 – 2021” the global market for chlorine dioxide generators is projected to grow at a CAGR of over 7% during 2016 - 2021, on account of increasing investments and favorable government initiatives. In 2015, Asia-Pacific dominated the for-chlorine dioxide generators market due to rising demand for these generators from China, India, Japan and Bangladesh. Increasing government initiatives to encourage use of non-toxic reagents for water treatment and bleaching is expected to boost consumption of chlorine dioxide in the coming years.