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Methanex Corporation Completes Acquisition of OCI Global's Methanol Business

1. Methanex has acquired OCI's methanol business for $1.2 billion. 2. Acquisition includes two methanol facilities and a low-carbon business. 3. Integration of acquired assets will emphasize safe and stable operations. 4. Transaction involves issuing 9.9 million shares and assuming debt. 5. Methanex aims to enhance its production capabilities and market influence.

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FAQ

Why Bullish?

The acquisition strengthens Methanex's market position, similar to past successful expansions.

How important is it?

The acquisition could substantially increase Methanex's production and market reach, directly impacting stock value.

Why Long Term?

Strategic acquisitions often result in long-term benefits, as seen in similar cases.

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OCIMX
June 27, 2025 10:36 ET  | Source: Methanex Corporation VANCOUVER, British Columbia, June 27, 2025 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (Nasdaq:MEOH) announced today that it has completed the previously announced acquisition of OCI Global’s (“OCI”) international methanol business. As part of the transaction, first announced in September 2024, Methanex has acquired an interest in i) two world-scale methanol facilities in Beaumont, Texas, which have access to robust North American natural gas feedstock and one of which also produces ammonia, ii) a low-carbon methanol production and marketing business, and iii) a currently idled methanol facility in the Netherlands. The transaction consideration consists of approximately $1.2 billion of cash, excluding adjustments to working capital and cash acquired, the issuance of approximately 9.9 million common shares of Methanex and the assumption of approximately $450 million in debt and leases. "We are excited to complete this important strategic acquisition and to welcome a talented team to Methanex," said Rich Sumner, President and CEO of Methanex. "I want to thank the individuals that worked diligently to successfully close this acquisition. As we move forward, our focus is on ensuring a smooth integration, maintaining safe and stable operations, and delivering the strategic benefits of this acquisition.” In connection with the transaction, Methanex has filed a base shelf prospectus (the “Prospectus”) with the securities regulatory authority in the Province of British Columbia in accordance with a customary registration rights agreement entered into between Methanex and OCI. The Prospectus will also be filed with the U.S. Securities and Exchange Commission as part of a registration statement on Form F-10 in accordance with the Multijurisdictional Disclosure System established between Canada and the United States. Methanex is a Vancouver-based, publicly traded company and is the world’s largest producer and supplier of methanol globally. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol “MX” and on the Nasdaq Stock Market in the United States under the trading symbol “MEOH”. Methanex can be visited online at www.methanex.com. InquiriesSarah HerriottDirector, Investor RelationsMethanex Corporation 604-661-2600 or Toll Free: 1-800-661-8851www.methanex.com

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