# Alpek to acquire OCTAL Holding, a major PET sheet producer, for $620M

Alpek agreed to buy 100% of OCTAL Holding SAOC for US$620 million on a debt-free basis, adding over one million tons of PET sheet, recycling, packaging and resin capacity across sites in Oman, the US and Saudi Arabia.

- Type: Acquisition
- Announced: 2022-02-01
- Where: Salalah Free Zone, Oman
- Value: $620.0M
- Status: announced
- Capacity: Over one million tons of installed capacity across four sites
- Products: PET sheet, PET resin, PET sheet recycling, PET thermoform packaging
- Sectors: [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)

## Sources

- [alpek.com](https://www.alpek.com/alpek-signs-agreement-to-acquire-octal/), 2022-02-01: "Alpek will purchase 100% of Octal's shares for U.S. $620 million on a debt-free basis."

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