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Oman Oil to acquire Oxea

5:22 AM MDT | October 10, 2013 | Deepti Ramesh

Private equity firm Advent International (Boston) will sell Oxea (Oberhausen, Germany), to Oman Oil Co. (OOC; Muscat), which is owned by the government of Oman. Financial details were not disclosed. The acquisition is subject to antitrust approvals and satisfaction of other conditions, the companies say. Oxea was formed in 2007 by merging separate businesses Advent acquired from Celanese and Degussa. Oxea manufactures oxo intermediates and oxo derivatives, such as alcohols, polyols, carboxylic acids, specialty esters, and amines, and these products are used for...

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