Company Overview

Chemtrade Logistics Income Fund is a Canadian-based income trust that owns and operates industrial chemical businesses providing essential products and services to a broad range of industrial customers. The company operates primarily in the industrial chemicals and infrastructure-support services industries, with a focus on chemicals that are critical inputs for water treatment, pulp and paper, oil and gas, mining, and industrial manufacturing.

The fund’s primary revenue drivers are the manufacture and distribution of inorganic chemicals and the provision of specialty services related to those products. Chemtrade is positioned as a reliable supplier of mission‑critical chemicals, benefiting from long-standing customer relationships, contract-based revenue, and assets that are difficult to replicate. Founded in 2001 through a series of asset acquisitions, Chemtrade has evolved from a niche chemical logistics provider into a diversified industrial chemicals platform through organic expansion and targeted acquisitions.

Business Operations

Chemtrade conducts its operations through three core business segments: Sulphur and Sulphuric Acid, Water Solutions and Specialty Chemicals, and Electrochemicals. The Sulphur and Sulphuric Acid segment produces, markets, and distributes sulphuric acid and sulphur-based products, primarily serving mining, fertilizer, and industrial customers. The Water Solutions and Specialty Chemicals segment supplies coagulants, defoamers, and other specialty chemicals used mainly in municipal water treatment and industrial processes. The Electrochemicals segment manufactures chlor-alkali products, including chlorine and caustic soda, which are used in water treatment, pulp and paper, and chemical manufacturing.

Operations are conducted across Canada and the United States, supported by an integrated network of manufacturing plants, storage facilities, and logistics assets such as railcars and terminals. Chemtrade controls proprietary production facilities and long-lived infrastructure assets, and operates through multiple wholly owned subsidiaries, including Chemtrade Chemical US LLC and Chemtrade Canada Corp. The company’s business model emphasizes stable cash flow generation through contract-based sales, cost pass-through mechanisms, and operational scale.

Strategic Position & Investments

Chemtrade’s strategic direction centers on maintaining stable distributable cash flow while strengthening its balance sheet and selectively investing in high-return projects. Growth initiatives have included capital investments to improve plant reliability, efficiency, and environmental performance, as well as targeted acquisitions that expand product offerings or geographic reach. Management has also focused on debt reduction and financial flexibility following periods of market volatility in industrial chemicals.

The company has historically pursued acquisitions that complement its existing infrastructure and customer base, integrating acquired assets into its core operating segments. Chemtrade is also involved in emerging environmental and sustainability-related applications, particularly in advanced water treatment solutions and emissions-related chemical services, aligning its portfolio with long-term regulatory and infrastructure-driven demand.

Geographic Footprint

Chemtrade’s headquarters is located in Toronto, Ontario, and the company maintains a significant operational presence across Canada and the United States. Its facilities are strategically located near key industrial hubs, mining regions, and population centers to support efficient distribution and customer service.

The company’s North American footprint includes manufacturing plants, terminals, and storage facilities in multiple provinces and U.S. states, enabling cross-border supply to multinational customers. While Chemtrade does not have material operations outside North America, its products support industries with global exposure, giving the company indirect international relevance through its customer base.

Leadership & Governance

Chemtrade is managed by an experienced executive team with deep backgrounds in industrial chemicals, operations, and capital markets. Leadership emphasizes disciplined capital allocation, operational reliability, and safety, reflecting the essential and regulated nature of the company’s products. Governance is overseen by a board of trustees responsible for strategic oversight and unitholder interests.

Key executives include:

• Scott Rook – President and Chief Executive Officer
• David E. Delaney – Chief Financial Officer
• Mark Davis – Senior Vice President, Sulphur and Logistics
• Mark Smith – Senior Vice President, Water Solutions and Specialty Chemicals
• David T. Price – Senior Vice President, Electrochemicals

The leadership team’s strategic vision focuses on sustaining predictable cash flows, maintaining strong customer relationships, and operating essential chemical infrastructure safely and efficiently.