Oxea Returns to its Roots
The manufacturer of oxo intermediates and oxo derivatives, which was known as Oxea until May 2020 and was temporarily part of the Omani energy company OQ and operated under the name OQ Chemicals, is returning to its old name and roots.
OQ Chemicals becomes Oxea. Following the takeover by the private equity firms Strategic Value Partners and Blantyre Capital, the international chemicals company, headquartered in Monheim, Germany, is reverting to its former name and is once again operating on the market as Oxea.
The chemical producer with its main production site in Oberhausen, which together with the Ruhrchemie plant was once part of the German Hoechst chemical conglomerate, was merged with Oman's petrochemical holdings when the Sultanate bought it from private equity investor Advent International for just over $2.1 billion in 2013. In early 2021, Oman merged its entire energy business into one large company under the OQ umbrella brand and the chemicals business was named OQ Chemicals.
The old and new name Oxea stands for a renewed strategic direction with a focus on innovation, operational excellence and dynamic global growth. It builds on a strong tradition of quality and expertise, while the rebranding with a modern design also signals a fresh start under new ownership with a clear commitment to innovation and long-term success.
“This rebranding is a clear signal of our intent to drive growth and further strengthen our leadership in the global oxo chemicals market. Oxea combines continuity with change: we are an established partner entering a new era with renewed energy and a strong determination to help shape the future of the oxo chemical industry,” said Craig Rogerson, incoming Chairman of the Oxea Board of Directors. “With the support of our new owners, we are well-positioned for sustained growth, enhanced operational resilience, and continued expansion of our product portfolio. As the transition unfolds, providing uninterrupted service to our customers remains our top priority.”
Future-oriented growth and expansion of the portfolio
With an established name and a clear vision for the future, Oxea is reaffirming its commitment to the market. At its US site in Bay City, the company now supplies partners with high-purity propionaldehyde, helping them to reliably meet the growing demand from their customers. Oxea has also recently started producing heptanoic acid as an independent product at its Oberhausen site. These strategic measures strengthen supply security for global customers and underline Oxea's innovative strength and growth opportunities in the specialty chemicals sector.
