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Grupo OCQ, a Latin American chemical player, acquired petrochemical company Elekeiroz from HIG Capital. The deal nearly triples Grupo OCQ's production capacity and adds product lines including plasticizers and phthalic anhydride.
H.I.G. Capital has sold Elekeiroz, a Brazilian maker of plasticizers and oxo alcohols, to the Brazilian specialty chemical maker Oswaldo Cruz Química.
H.I.G. Capital acquired Brazilian chemical company Elekeiroz from Itaúsa for an enterprise value of R$160 million. Elekeiroz produces oxo-alcohols, plasticizers, and anhydrides at two sites in Brazil.