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Business Wire
a day ago
- Business
- Business Wire
Oxea Appoints Michael McHenry as Chief Executive Officer
MONHEIM AM RHEIN, Germany--(BUSINESS WIRE)--The global chemical company Oxea has appointed Michael McHenry as its new chief executive officer, effective Aug. 15, 2025. With the appointment, the company is entering a new phase of leadership focused on transformation and operational excellence across its business in the oxo intermediates and oxo derivatives market. 'Oxea has a strong foundation, a skilled global team, and a clear position in a core part of the chemical value chain,' said Michael McHenry. 'Together, we will build on that strength to accelerate performance and create long-term value for our customers and stakeholders.' McHenry brings more than 30 years of experience in the international chemicals and materials industry. Most recently, he served as CEO of Techmer PM, a private equity-backed manufacturer of engineered materials. Prior to that, he held senior positions at Master Fluid Solutions, BASF, and Ciba Specialty Chemicals, overseeing business units in resins, additives, pigments, and coatings. 'Michael McHenry has proven experience in managing complex transformation processes and international teams. His values and vision align with Oxea's commitment to innovation, sustainability, and customer-centric performance,' said Craig Rogerson, Chairman of the Oxea Board of Directors. 'We are confident that his operational focus and strategic mindset will support Oxea's continued development.' Dave Richards, co-head of the US operating team at Strategic Value Partners, whose managed funds are Oxea's majority shareholder, said: 'We welcome Michael McHenry to Oxea and look forward to working with him and the leadership team. Together with our partners at Blantyre Capital, we aim to support the company's long-term growth and strategic positioning.' McHenry holds a degree in chemistry from Rutgers University and serves on the board of Share the Good Foundation, a non-profit organization supporting at-risk individuals. About Oxea Oxea (formerly OQ Chemicals) is a global manufacturer of Oxo Intermediates and Oxo Performance Chemicals such as alcohols, polyols, carboxylic acids, specialty esters, and amines. These are used to produce high-quality coatings, lubricants, cosmetic and pharmaceutical products, flavors and fragrances, printing inks, and plastics. Oxea employs more than 1,200 people worldwide and markets its chemicals in more than 60 countries. More information at About SVP Strategic Value Partners, LLC (together with its affiliates, 'SVP') is a global alternative investment firm that focuses on special situations, private equity, opportunistic credit and financing opportunities. The firm uses a combination of sourcing, financial and operational expertise to unlock value in its portfolio companies. Today SVP manages over USD 22 billion in assets under management, and since inception, has invested more than USD 53 billion of capital. The firm, established by Victor Khosla in 2001, has over 200 employees, including more than 100 investment professionals, across its main offices in Greenwich (CT) and London, and a presence in Tokyo. Learn more at About Blantyre Blantyre is a London-based investment manager specialising in middle market equity and debt. The firm transforms businesses by providing time-sensitive capital that can support companies in financing growth, M&A, capital structure optimisation, operational enhancements, shareholder changes and recapitalisation, and liquidity solutions. Blantyre manages more than EUR 2.7 billion of long-term capital commitments on behalf of highly regarded institutional investors, including public and private pension plans, sovereign wealth funds, endowments, foundations, private funds, and family offices. Blantyre strives to be the middle market firm of choice for its partners and investors. For more information, please visit:
Business Wire
19-05-2025
- Business
- Business Wire
OQ Chemicals Rebrands as Oxea, Signaling a Bold New Chapter
MONHEIM AM RHEIN, Germany--(BUSINESS WIRE)--OQ Chemicals is now Oxea. Following its acquisition by funds managed by Strategic Value Partners, LLC ('SVP') and by Blantyre Capital, the global chemical company is rebranding to Oxea effective today. The Oxea name reflects a renewed strategic vision focused on innovation, operational excellence, and dynamic global growth. While the name draws on a strong legacy of quality and expertise, the rebrand signals a new direction, backed by new ownership and a 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-Driven Growth and Portfolio Expansion With an established name and a bold vision for the future, Oxea reaffirms its commitment to the market. At its Bay City site in the USA, the company now supplies high-purity propionaldehyde, helping partners meet increasing customer demand. In addition, Oxea has recently expanded its product portfolio with the launch of dedicated heptanoic acid production at its world-scale facility in Oberhausen, Germany. These strategic moves not only enhance supply security for Oxea's global customers but also reflect the company's bold vision for innovation and growth in the specialty chemicals market. About Oxea Oxea (formerly OQ Chemicals) is a global manufacturer of Oxo Intermediates and Oxo Performance Chemicals such as alcohols, polyols, carboxylic acids, specialty esters, and amines. These are used to produce high-quality coatings, lubricants, cosmetic and pharmaceutical products, flavors and fragrances, printing inks, and plastics. Oxea employs more than 1,200 people worldwide and markets its chemicals in more than 60 countries. More information under
