Oxea purchase will promote vertical integration of Oman Oil Co.

10/22/2013 | ICIS News (U.K.)

Oman Oil Co. has purchased Oxea, a major producer of oxo-alcohols and other oxo products, from Advent International. "With the acquisition of OXEA, OOC aims to become a vertically integrated global chemical leader in the downstream industry," the company said. Oxea had sales of $2 billion last year; financial details of the transaction weren't released.

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