Sep 12 2006
Degussa AG, Dusseldorf, is selling Oxxynova GmbH & Co. KG, Marl, to a subsidiary of the ARQUES Group, Starnberg. On a debt free basis, the purchase price is 22 million euros. The divestment still has to be approved by the German antitrust authorities. Degussa and ARQUES assume that the transaction will be closed in fall 2006.
Oxxynova manufactures and markets liquid and solid dimethyl- terephthalate (DMT). It has production sites at Steyerberg and Lülsdorf in Germany, and its administrative headquarters are in Marl, Germany.
Oxxynova no longer forms part of Degussa’s core business. In 2005 it had around 200 employees and generated sales of 182 million euros.