# 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.

- Type: Acquisition
- Announced: 2026-03-30
- Where: India
- Value: $2.00B
- Status: announced
- Products: packaging
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Blackstone Group](https://endata.com/companies/2364.md) (investor)
- [Indorama Ventures](https://endata.com/companies/3457.md) (acquirer)
- [EPL Limited](https://endata.com/companies/7227.md) (target)
- [Indovida India](https://endata.com/companies/14130.md) (target)

## Sources

- [forbes.com](https://www.forbes.com/sites/yessarrosendar/2026/03/30/billionaire-aloke-lohias-indorama-ventures-blackstone-backed-epl-to-merge-indian-packaging-business-in-2-billion-deal/), 2026-03-30: "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 $2 billion deal."
- [polymerupdate.com](https://www.polymerupdate.com/news/details/1460769), 2026-04-07: "Billionaire Aloke Lohia-controlled Indorama Ventures Ltd ... has decided to merge its Indian packaging business unit, Indovida India, with US private equity giant Blackstone-backed EPL Ltd in a US$ 2 billion deal."
- [kalkine.co.in](https://www.kalkine.co.in/article/travel/epl-limited-to-merge-with-indovida-india-in-2-billion-packaging-deal-after-cci-clearance), 2026-07-09: "The deal brings together two packaging businesses to form a combined consumer packaging platform focused on emerging markets."

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