Petrochem manufacturer Alpek has introduced that it has officially finished its merger with Controladora Alpek, providing an end to a year-long corporate restructuring that reshaped the corporation’s presence in public markets.
With the deal concluded, Controladora Alpek shareholders have now acquired Alpek shares, turning into direct shareholders of the petrochemical corporation. Controladora Alpek has been disintegrated and delisted from the Mexican Stock Exchange, consolidating Alpek as the only listed unit.
The move caps a extensive change that started out simply over a year ago with the spin-off from Alfa, accompanied via the creation and listing of Controladora Alpek, and ending in today’s merger completion.
“The finishing of the merger depicts a strategic milestone for Alpek, strengthening our marketplace position and assisting our commitment to growing long-term period price for our Shareholders. Also, having a single listed unit with a higher stock drift, followed by an anticipated development in share liquidity, will improve the corporation’s possibilities to be included in indices along with the Mexican IPC,” stated Jorge Young, CEO of Alpek.
Alpek runs two-business segments—Polyester and Plastics & Chemicals—and operates 34 plants globally. In 2024, Alpek stated U.S. $7.5 billion in sales and U.S. $699 million in Comparable EBITDA, supported through a workforce of more than 5,500 employees.
