Oxbow Carbon acquires The ICEC Group
WEST PALM BEACH, FL - January 5, 2011 - Oxbow Carbon and ICEC announced the purchase of the ICEC Group of companies. Terms of the transaction were not disclosed.
ICEC is a large and diversified third party provider of global marketing, operations and logistics services and manages between six and seven million tons of sulfur, sulfuric acid and fertilizers annually.
Dick Van Meurs and Bill Zisson, ICEC’s Co-Chief Executive Officers commented: “Oxbow provides a unique platform to support ICEC’s growth objectives. Oxbow’s wealth of resources and deep experience in logistics and operations will enhance ICEC’s ability to serve its customers on a worldwide basis.”
Oxbow Carbon is a private company based in West Palm Beach, Florida. It was founded in 1984 by Chief Executive Officer William I. (“Bill”) Koch, who won the America’s Cup in 1992. Under Koch’s leadership, the company has become the world’s largest marketer of petroleum coke and calcined coke – a key ingredient in the manufacturing of aluminum. The company trades in other carbon and industrial products such as coal, gypsum, metcoke, anthracite and activated carbon. Oxbow Carbon also owns and operates one of the most productive underground coal mines in the United States, producing nearly five million tons of super-compliant coal annually.
“We believe that ICEC is a perfect fit for our company,” said Bill Koch. “We think their sulfur based products and fertilizers complement our strong portfolio and the employees understand their market and customers. I am very excited about the possibilities.”
West Palm Beach based Callisto Partners LLC acted as exclusive financial advisor to Oxbow on this transaction. TM Capital served as financial advisor to ICEC.
For further information contact:
Corporate Communications & Community Relations
Oxbow Carbon LLC
1601 Forum Place, Suite 1400
West Palm Beach, FL 33401