# Alpek concludes acquisition of OCTAL for $620M

Alpek finalized its acquisition of 100% of OCTAL Holding SAOC for $620 million on a debt-free basis, incorporating OCTAL's high-value PET sheet business into its portfolio.

- Type: Acquisition
- Announced: 2022-05-31
- Where: Salalah, Oman, Oman
- Value: $620.0M
- Status: completed
- Products: PET sheet
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Alpek](https://endata.com/companies/4456.md) (acquirer)
- [OCTAL](https://endata.com/companies/6002.md) (target)
- [Octal Holding SAOC](https://endata.com/companies/60734.md) (target)

## Sources

- [alpekpolyester.com](https://www.alpekpolyester.com/alpek-concludes-acquisition-of-octal/), 2022-05-31: "We are pleased to have concluded this acquisition ahead of the expected timeline."
- [alpek.com](https://www.alpek.com/alpek-concludes-acquisition-of-octal/), 2022-05-31: "Alpek, S.A.B. de C.V. announced today that it has received all necessary approvals from the regulatory authorities and has finalized its acquisition of OCTAL Holding SAOC."
- [prnewswire.com](https://www.prnewswire.com/news-releases/alpek-concludes-acquisition-of-octal-301559125.html), 2022-06-01: "Alpek, S.A.B. de C.V. announced today that it has received all necessary approvals from the regulatory authorities and has finalized its acquisition of OCTAL Holding SAOC."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.