Bulletin: Alpek S.A.B. de C.V.'s Acquisition Of Octal Holding Follows Its Strategy To Boost Product And Geographic Diversification - S&P Global Ratings’ Credit Research

Bulletin: Alpek S.A.B. de C.V.'s Acquisition Of Octal Holding Follows Its Strategy To Boost Product And Geographic Diversification

Bulletin: Alpek S.A.B. de C.V.'s Acquisition Of Octal Holding Follows Its Strategy To Boost Product And Geographic Diversification - S&P Global Ratings’ Credit Research
Bulletin: Alpek S.A.B. de C.V.'s Acquisition Of Octal Holding Follows Its Strategy To Boost Product And Geographic Diversification
Published Feb 01, 2022
2 pages (1190 words) — Published Feb 01, 2022
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Abstract:

MEXICO CITY (S&P Global Ratings) Feb. 1, 2022--S&P Global Ratings today said that its ratings on Mexico-based petrochemicals producer Alpek S.A.B. de C.V. (Alpek; BBB-/Stable/--) remain unchanged following the company's announcement that it's acquiring Octal Holding SAOC (Octal; not rated) for about $620 million. In our opinion, this acquisition will allow Alpek to continue strengthening its existing product portfolio by reinforcing its polyester (PTA/PET/rPET) business division through the acquisition of Octal's PET sheet business segment. In our view, this transaction is aligned with Alpek's business risk profile. It follows the company's strategy to continue improving its core business in the polyester division by continuing to diversify its product offerings to satisfy solid demand in the consumer end-industries such as food

  
Report Type:

Bulletin

Ticker
ALPEHA@MM
Issuer
Alpek S.A.B. de C.V.
GICS
Commodity Chemicals (15101010)
Sector
Global Issuers
Country
Mexico
Region
Latin America
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Alpek S.A.B. de C.V.'s Acquisition Of Octal Holding Follows Its Strategy To Boost Product And Geographic Diversification" Feb 01, 2022. Alacra Store. Nov 06, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Alpek-S-A-B-de-C-V-s-Acquisition-Of-Octal-Holding-Follows-Its-Strategy-To-Boost-Product-And-Geographic-Diversification-2789270>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Alpek S.A.B. de C.V.'s Acquisition Of Octal Holding Follows Its Strategy To Boost Product And Geographic Diversification Feb 01, 2022. New York, NY: Alacra Store. Retrieved Nov 06, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Alpek-S-A-B-de-C-V-s-Acquisition-Of-Octal-Holding-Follows-Its-Strategy-To-Boost-Product-And-Geographic-Diversification-2789270>
  
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