Alpek Concludes Acquisition of OCTAL
Incorporating high-value PET sheet business into its portfolio ahead of schedule MONTERREY, Mexico, June 1, 2022 /PRNewswire/ — Alpek, S.A.B. de C.V. (“Alpek” or “the Company”) announced today that it has received all necessary approvals from the regulatory authorities and has finalized its acquisition of OCTAL Holding SAOC (“OCTAL”). Pursuant to the purchase agreement, Alpek acquired 100% of the shares of OCTAL for U.S. $620 million on a debt-free basis. Financing was secured through a mix of free […]