Indorama Ventures and Blackstone-backed EPL agree to merge Indian packaging units

Indorama Ventures agreed to merge its Indian packaging unit Indovida India with EPL, a Blackstone-backed company, in a deal reported at about $2 billion. The merger follows Indorama's earlier purchase of a 24.9% EPL stake from Blackstone.

“Bangkok-based Indorama Ventures has agreed to merge its Indian packaging unit, Indovida India, with EPL, a company backed by U.S. private equity giant Blackstone, in a $2 billion deal.”forbes.com

• 3 sources
• forbes.comBillionaire Aloke Lohia’s Indorama Ventures, Blackstone-Backed EPL To Merge Indian Packaging Business In $2 Billion DealMar 30, 2026
• polymerupdate.comPetrochemical News - Indorama Ventures to consolidate Indian packaging business in US$ 2 billion dealApr 7, 2026
• kalkine.co.inEPL-Indovida Merger: $2 Billion Packaging Deal Gets CCI Approval | Kalkine IndiaJul 9, 2026

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