Petrochem producer Alpek has announced that it has officially completed its merger with Controladora Alpek, bringing an end to a year-long corporate restructuring that reshaped the company’s presence in public markets.

With the deal finalized, Controladora Alpek shareholders have now received Alpek shares, becoming direct shareholders of the petrochemical company. Controladora Alpek has been dissolved and delisted from the Mexican Stock Exchange, consolidating Alpek as the sole listed entity.

The move caps a sweeping transformation that began just over a year ago with the spin-off from Alfa, followed by the creation and listing of Controladora Alpek, and culminating in today’s merger completion.

“The completion of the merger represents a strategic milestone for Alpek, reinforcing our market position and supporting our commitment to creating long-term value for our Shareholders. Additionally, having a single listed entity with a higher stock float, followed by an expected improvement in share liquidity, will enhance the Company’s probabilities to be included in indices such as the Mexican IPC,” said Jorge Young, CEO of Alpek.

Alpek runs two business segments—Polyester and Plastics & Chemicals—and operates 34 plants globally. In 2024, Alpek reported U.S. $7.5 billion in revenue and U.S. $699 million in Comparable EBITDA, supported by a workforce of more than 5,500 employees.