# EPL and Indovida agree merger to form $2bn emerging-markets packaging group

EPL and Indovida signed definitive agreements to merge their flexible and rigid PET packaging businesses into a group valued at about USD 2 billion with roughly USD 1 billion in revenue. Indorama Ventures will hold 51.8% and Blackstone 16.6%, pending regulatory and shareholder clearances.

- Type: Acquisition
- Announced: 2026-10-04
- Where: India
- Value: $2.00B
- Status: announced
- Products: flexible PET packaging, rigid PET packaging
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [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)
- [EPL Limited](https://endata.com/companies/7227.md) (acquirer)
- [Indovida](https://endata.com/companies/14129.md) (target)

## Sources

- [packagingnewsdaily.com](https://packagingnewsdaily.com/stories/epl-and-indovida-agree-merger-to-form-usd-2bn-emerging-markets-packagi-2026-10-04), 2026-10-04: "EPL Ltd and Indovida India Pvt Ltd have signed definitive agreements to merge their flexible and rigid PET packaging businesses"

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