# Indorama Ventures' Indovida and Blackstone-backed EPL agree merger in packaging

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. The combined platform is valued at about $2 billion, and completion is expected within 12 months. The deal value is not disclosed.

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

## Companies

- [Blackstone Group](https://endata.com/companies/2364.md) (investor)
- [Indorama Ventures](https://endata.com/companies/3457.md) (investor)
- [Essel Propack](https://endata.com/companies/3927.md) (acquirer)
- [Indovida](https://endata.com/companies/14129.md) (target)

## Sources

- [plastinfo.ru](https://plastinfo.ru/information/news/57045_26.05.2026/), 2026-05-26: "Индия Essel Propack Limited и Indovida India Private Limited подписали соглашение о слиянии, которое было одобрено советами директоров компаний и подлежит утверждению регулирующими органами и акционерами."

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