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    CHE.UN   CA16387P1036

CHEMTRADE LOGISTICS INCOME FUND

(CHE.UN)
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VERTELLUS COMPLETES ACQUISITION OF SPECIALTY INGREDIENTS BUSINESSES FROM CHEMTRADE

11/05/2021 | 07:44am EST

INDIANAPOLIS - Vertellus, a manufacturer of specialty products for various consumer goods, food & agriculture, healthcare, and industrial markets, today announced the completion of its acquisition of certain businesses of Chemtrade Logistics Income Fund (TSX: CHE.UN) ('Chemtrade') responsible for producing potassium chloride, caustic pellets, and vaccine adjuvants.

The acquired businesses give Vertellus a leading market position in the manufacturing of specialty ingredients that are essential in the efficacy of medications for hypertension and diabetes, production of next-generation biologics, and improving the effectiveness of certain vaccines. This acquisition expands Vertellus' capabilities to manufacture and develop specialty ingredients in the dynamic healthcare and pharmaceutical sectors, reach an expanding global base of long-term customers, and strengthen its portfolio in these market segments.

John Van Hulle, CEO of Vertellus, said, 'We are thrilled to welcome these strong Chemtrade businesses to the Vertellus family as we further extend our reach in the high-growth healthcare and pharmaceutical sectors. Our team at Vertellus continues to identify growth-focused opportunities and partnerships to expand our capabilities and serve our customers.'

Indianapolis-based Vertellus is owned by Pritzker Private Capital and management.

About Vertellus

Headquartered in Indianapolis, the Vertellus group of companies was originally founded in 1857 as a manufacturer of niche specialty products. Today, Vertellus is one of the largest providers of unique specialty chemicals used in diverse applications, processes, and market sectors, including personal care, healthcare, food & agriculture, performance coatings, paper additives, infrastructure, and industrial specialties. With 1,000+ employees, Vertellus serves customers across the globe from 10 international manufacturing facilities. Vertellus is a Responsible Care company.

About Chemtrade

Chemtrade operates a diversified business providing industrial chemicals and services to customers in North America and around the world. Chemtrade is one of North America's largest suppliers of sulphuric acid, spent acid processing services, inorganic coagulants for water treatment, sodium chlorate, sodium nitrite, sodium hydrosulphite and phosphorus pentasulphide. Chemtrade is a leading regional supplier of sulphur, chlor-alkali products, liquid sulphur dioxide and zinc oxide. Additionally, Chemtrade provides industrial services such as processing by-products and waste streams.

About Pritzker Private Capital

Pritzker Private Capital partners with middle-market companies based in North America with leading positions in the manufactured products, services, and healthcare sectors. The firm's differentiated, long-duration capital base allows for efficient decision-making, broad flexibility with transaction structure and investment horizon, and alignment with all stakeholders. Pritzker Private Capital builds businesses for the long term and is an ideal partner for entrepreneur and family-owned companies. Pritzker Private Capital is a signatory to the United Nations Principles for Responsible Investment (PRI). For more information, visit www.ppcpartners.com.

Media Contacts:

Abernathy MacGregor

Dan Scorpio

(312) 640-3111

dps@abmac.com

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2021 1 386 M 1 103 M 1 103 M
Net income 2021 -61,5 M -48,9 M -48,9 M
Net Debt 2021 1 216 M 968 M 968 M
P/E ratio 2021 -12,2x
Yield 2021 8,32%
Capitalization 751 M 599 M 597 M
EV / Sales 2021 1,42x
EV / Sales 2022 1,35x
Nbr of Employees 1 474
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Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price 7,21 CAD
Average target price 9,31 CAD
Spread / Average Target 29,2%
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Managers and Directors
Scott William Rook President, Chief Executive Officer & Director
Rohit Bhardwaj Chief Financial Officer & Vice President-Finance
Lorie Waisberg Chairman-Trustees Board
Tejinder Kaushik Vice President-Information Technology
Timothy Montgomery Group Vice President-Manufacturing & Engineering