Oman Oil Company concludes Oxea acquisition

Oman Oil Company (OOC) has successfully concluded the acquisition of Oxea which was announced in October. The purchase price was not disclosed. Oxea is one of the largest global manufacturers of Oxo chemicals. With the acquisition, OOC aims to become a vertically integrated global chemical leader in the downstream industry. With its international presence in Europe and North America, leading technology, efficient platform and longstanding experience in the Oxo segment, Oxea will support OOC’s further expansion into the chemical sector. Oxea is currently a leading Oxo merchant and holds a leading position as a manufacturer for Oxo products and derivatives. Since its foundation in 2007, it has successfully diversified its activities into derivatives and invested in expanding capacity. www.oman-oil.com