Advent-backed Oxea acquires ester plant from ExxonMobil

Advent International German portfolio company Oxea has agreed to acquire an Amsterdam-based ester production plant from ExxonMobil.

The transaction is expected to be closed in July this year.

Oxea is a chemicals company based in Oberhausen. It employs around 1,300 staff in Germany and the US and reported a turnover of EUR1.2bn in 2008.

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