Business
Chemtrade Completes Sale of Montreal East Business for $120 Million
TORONTO , July 17, 2014 /CNW/ - Chemtrade Logistics Income Fund (TSX: CHE.UN) announced ...
About this update from Chemtrade Logistics Income Fund
[{"type":"text","content":"\n\n\nTORONTO, July 17, 2014 /CNW/ - Chemtrade Logistics Income Fund (TSX:\n CHE.UN) announced today that it has completed the previously announced\n sale of its Montreal East business to Suncor Energy Products Inc. for\n approximately $120 million. Chemtrade will continue to market sulphur\n and sodium bisulphite produced by the Montreal plant. Chemtrade will\n use the net proceeds of the sale to reduce debt.\n\n\nAbout Chemtrade\nChemtrade operates a diversified business providing industrial chemicals\n and services to customers in North America and around the world.\n Chemtrade is one of North America's largest suppliers of sulphuric\n acid, inorganic coagulants for water treatment, liquid sulphur dioxide,\n sodium nitrite and sodium hydrosulphite.  Chemtrade is a leading\n processor of spent acid as well as a leading regional supplier of\n sulphur, sodium chlorate, phosphorus pentasulphide, and zinc oxide.\n Additionally, Chemtrade provides industrial services such as processing\n by-products and waste streams.\n\n\nCaution Regarding Forward-Looking Statements \nCertain statements contained in this news release constitute\n forward-looking statements within the meaning of certain securities\n laws, including the Securities Act (Ontario). Forward-looking\n statements can be generally identified by the use of words such as\n \"anticipate\", \"continue\", \"estimate\", \"expect\", \"expected\", \"intend\",\n \"may\", \"will\", \"project\", \"plan\", \"should\", \"believe\" and similar\n expressions. Specifically, forward-looking statements in this news\n release include statements respecting certain future expectations\n about: the use of proceeds from the sale and the continuation of\n marketing arrangements. Forward-looking statements in this news release\n describe the expectations of the Fund and its subsidiaries as of the\n date hereof. These statements involve known and unknown risks,\n uncertainties and other factors that may cause actual results or events\n to differ materially from those anticipated in such forward-looking\n statements for a variety of reasons, including without limitation the\n risks and uncertainties detailed under the \"Risk Factors\" section of\n the Fund's latest Annual Information Form and the \"Risks and\n Uncertainties\" section of the Fund's most recent Management's\n Discussion & Ana...