The shareholders of the ICEC Group (ICEC), the world's leading sulfur marketing and logistics company, have the company to the Oxbow Group (Oxbow), led by Bill Koch, a major global producer and distributor of carbon-related products. Financial details of this transaction have not been disclosed.
Oxbow, the global leader in marketing petroleum and calcined coke, operates one of the most productive underground mines in the USA and trades in a variety of carbon and industrial products.
ICEC, founded in 1948 and 100% employee-owned, manages over six million tons of sulfur, sulfuric acid and fertilizers annually from locations in more than 20 countries on six continents.
Both ICEC and Oxbow provide critical services to many of the world's largest oil and gas companies in connection with the disposal of by-products generated by the oil refining process.
One of Oaklins' teams in the USA advised the seller in this transaction.
Paul R. Smolevitz
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