
Mexico’s Alpek Offers $620 Million to Buy PET Sheet Producer Octal
Mexico-based petrochemical company Alpek announced that it has signed an agreement to acquire Octal Holding for $620 million. A global supplier of PTA, PET, and EPS and the largest recycled PET (rPET) producer in the Americas, Alpek said that this acquisition “forward-integrates Alpek into the high-value PET sheet business segment, closes the gap toward achieving its environmental, social, and governance (ESG) goals, and enhances its ability to serve its customers’…