Octal Petrochemicals

OCTAL, maker of DPET® thermoforming PET sheet and a leader in the clear rigid packaging industry, announced today that the shareholders of OCTAL Holding SAOC have entered into an agreement to sell a 100% stake to Alpek, S.A.B. de C.V. (‘Alpek’). With its proprietary direct-to-sheet manufacturing technology and early adoption of advanced PET resin manufacturing processes, OCTAL has become a global leader in PET packaging. The transaction is expected to close in the first half of 2022, subject to customary closing conditions and regulatory approvals. Speaking on the sale, Nicholas ...