Canada's sulfuric acid producer Chemtrade Logistics recently reached an agreement with another Canadian sulfur-based chemical company, Marsulex, to acquire the latter for US$ 434 million. Both parties hope to complete the transaction in June this year.
CTC Logistics mainly produces sulphuric acid, liquid sulphur dioxide, and insurance powder. In 2010, its sales amounted to 538 million U.S. dollars. Masurel's 2010 sales revenue was US$300 million for the production of sulphuric acid and liquid sulphur dioxide, as well as other sulphur-containing chemicals such as aluminium sulphate, sodium bisulphate and ammonium sulphate. In addition, the company also provides services such as hydrogen sulfide treatment to refineries.
In a recent conference call with bank analysts on the transaction, Mark Davies, CEO of CTC Logistics, stated that Masuole's aluminum sulfate products used in the field of water treatment form a product line for CTM. supplement. In addition, it can provide desulphurization services for refineries in Alberta, Canada, including the treatment of bitumen in oil sands, which are attractive to CTM.
It is reported that Masu Lai's environmental technology business unit, which provides air quality compliance equipment and services for power plants, chemical plants, and other industrial users, is not included in this transaction, because this business does not belong to the core business of CTM. This part of Masuré's business is reorganized into a joint-stock company called Investis.
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