# Alpek Polyester completes $620M acquisition of OCTAL

Alpek Polyester completed the £494 million ($620 million) acquisition of OCTAL, an Oman-based manufacturer of PET sheet used in packaging, after receiving regulatory approval. The deal adds over one million tons of installed capacity across four sites.

- Type: Acquisition
- Announced: 2022-06-02
- Where: Oman
- Value: $620.0M
- Status: completed
- Capacity: over one million tons of installed capacity
- Products: PET sheet
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Alpek Polyester](https://endata.com/companies/4489.md) (acquirer)
- [OCTAL](https://endata.com/companies/6002.md) (target)

## Sources

- [business-live.co.uk](https://www.business-live.co.uk/business/manufacturing/alpek-polyester-completes-494m-acquisition-24131143), 2022-06-02: "We are pleased to have concluded this acquisition ahead of the expected timeline."

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