Alpek has announced that it has received the necessary approvals from regulatory authorities and has finalised its acquisition of Octal Holding SAOC. Pursuant to the purchase agreement, Alpek acquired 100% of the shares of Octal for U.S. $620 million on a debt-free basis. Financing was secured through a mix of free cash flow generated …
Alpek to buy Octal for $620 million
Octal is a major global producer of PET sheet. It owns the proprietary direct-to-sheet (DPET) technology, which eliminates several energy-intensive conversion steps, resulting in the lowest cost production method for PET sheet. The company serves a long-standing customer base across the Americas, Middle East, and Europe, through a logistically advantaged position centered in Oman. The …
Octal to showcase FFS applications at Interpack
Oman-based clear rigid packaging materials specialist Octal will use the Interpack trade fair, in Dusseldorf on 8-14 May, to highlight convenience food and consumer goods applications for its DPET sheet.
Octal unveils DPET-PE poultry packaging trays
Octal claims its new DPET-PE trays will revolutionise poultry packaging by improving process and cost efficiency while maintaining maximum freshness.