ALPEK, S.A.B. de C.V. (BMV:ALPEK A) is looking for mergers and acquisitions. During the company's second quarter 2022 earnings webcast, Jose De Jesus Valdez Simancas, Chief Executive Officer, said that ‘Well, look, in terms of M&A opportunities, I would say we're always looking at that, regardless of whether the valuations are lower. Because you see in our valuations, or the companies are -- or the multiples are low.
Yes, the multiples are low, but perhaps the EBITDAs are high. So the fact that the multiple is low with a very high EBITDA does not necessarily mean that the value of the company is attractive'.
Alpek SAB de CV is a Mexico-based company engaged in the chemicals sector. The Company's activities are divided into two business segments: Polyester and Plastics & Chemicals. The Polyester division focuses on the manufacture and distribution of purified terephthalic acid (PTA), polyethylene terephthalate (PET) and polyester fiber. The Plastics & Chemicals division is responsible for the production of polypropylene (PP), expandable polystyrene (EPS), caprolactam (CPL), ammonium sulfate, as well as specialty and industrial chemicals, such as surfactants, ethoxilates, glycoethers and desemulsionates. The Company's products are used in a range of industries, including consumer goods, food and beverages, automotive, construction, agriculture, oil and gas, as well as pharmaceuticals. It operates a number of production plants in the Americas. The Company is controlled by Alfa SAB de CV.
ALPEK, S.A.B. DE C.V. 
