Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Oman Oil Company Acquires Oxea from Advent International - Coatings World

What are you searching for?

Sign in
Breaking News

Oman Oil Company Acquires Oxea from Advent International

Author Image

By: KERRY PIANOFORTE

Editor, Coatings World, Coatings World

Advent International has sold Oxea, one of the largest global manufacturers of Oxo chemicals to the Oman Oil Company (OOC), a commercial company wholly owned by the Government of the Sultanate of Oman
The acquisition is subject to antitrust approvals and satisfaction of other conditions. The purchase price was not disclosed.

With the acquisition of Oxea, OOC aims to become a vertically integrated global chemical leader in the downstream industry.

With 1.3 million tons of Oxo chemicals and derivatives each year, Oxea generated sales of approximately €1.5 billion in 2012. The company was formed by merging two separate business units which Advent acquired in 2007 from Celanese and Degussa (now Evonik).

Add us as a preferred source on Google

Get the latest Coatings World news, insights and analysis in your Google Search and AI experiences.

Add Coatings World as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Coatings World Newsletters