Industry
Alpek Concludes Acquisition Of OCTAL

Alpek, S.A.B. de C.V. (Alpek) announced today [June 1] that it has received all necessary approvals from the regulatory authorities and has finalised its acquisition of OCTAL Holding SAOC (OCTAL).
Pursuant to the purchase agreement, Alpek acquired 100 per cent of the shares of OCTAL for US$620mn on a debt-free basis.
Financing was secured through a mix of free cash flow generated from existing businesses and dedicated bank loans.
Alpek will assume control of OCTAL’s operations starting on June 1, 2022. The Company expects an accretive EBITDA effect of approximately US$120mn from these assets throughout the remainder of 2022, largely based on the better-than-expected Polyester market conditions prevalent in recent months.
This would increase the Company’s Comparable EBITDA Guidance to US$1,370mn and Reported EBITDA Guidance to US$1,485mn.
“We are pleased to have concluded this acquisition ahead of the expected timeline,” stated José de Jesús Valdez, Alpek’s CEO.
“We are excited to welcome OCTAL’s management team and employees into our family, leveraging their long-standing relationships with customers, their diverse backgrounds, and technical proficiency to drive the Company’s long-term growth.”
-
Economy2 months ago
Is Gold a Good Investment in 2025? A Deep Dive into the Precious Metal’s Future
-
OER Magazines2 months ago
OER, March 2025
-
Alamaliktistaad Magazines2 months ago
Al-Iktisaad, March 2025
-
News2 months ago
Nothing Phone 3a and 3a Pro launches in the Middle East
-
Automotive1 month ago
South Korea Plans to Support Auto Sector with US$2B Following US Tariffs
-
News1 month ago
Oman Oil Prices Witness Drop Amid Shifting Global Trade Dynamics
-
News1 month ago
Aligning HR Strategies with Oman Vision 2040: A Roadmap for Organisational Growth – OER Business Summit 2025
-
News2 months ago
Omantel Partners with TeKnowledge to Enhance Employee Skills in AI & Data Science