# Indovida and EPL agree merger in packaging

Essel Propack (EPL) and Indovida India agreed to a merger, with Indorama Ventures to own 51.8% of the combined company, valued at about $2 billion.

- Type: Acquisition
- Announced: 2026-05-26
- Where: India
- Value: $2.00B
- Status: announced
- Products: flexible packaging, rigid PET packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Indorama Ventures](https://endata.com/companies/3457.md) (acquirer)
- [Essel Propack](https://endata.com/companies/3927.md) (target)
- [Indovida India](https://endata.com/companies/14130.md) (target)

## Sources

- [endata.com](https://endata.com/announcements/13700-indorama-ventures-indovida-and-blackstone-backed-epl-agree-merger-in-packaging), 2026-05-26: "Essel Propack (EPL) and Indovida India agreed to a merger, to be approved by regulators and shareholders, with Indorama Ventures to own 51.8% of the combined company."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.