# EPL Limited to acquire Creative Stylo Packs in India

EPL Limited's board approved the acquisition of Creative Stylo Packs, an Indian maker of corrugated boxes and plastic and laminated tubes. EPL will buy a 72.5% stake for cash and the remaining 27.5% through issuance of EPL shares to the founders.

- Type: Acquisition
- Announced: 2020-11-12
- Where: India, India
- Value: $21.2M (1.58B INR)
- Status: announced
- Products: corrugated boxes, laminated tubes, plastic co-ex tubes, caps
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [EPL Limited](https://endata.com/companies/7227.md) (acquirer)
- [Creative Stylo Packs](https://endata.com/companies/7228.md) (target)

## Sources

- [thepackman.in](https://thepackman.in/epl-limited-to-acquire-creative-stylo-packs/), 2020-11-12: "EPL Limited (formerly known as Essel Propack Limited), the world's largest specialty packaging company, has announced that its Board of Directors have approved the acquisition of Creative Stylo Packs in a part-cash and part-stock transaction."
- [dtnext.in](https://www.dtnext.in/news/business/packaging-major-epl-set-to-buy-creative-stylo), 2020-11-12: "Its Board of Directors have approved the acquisition of Creative Stylo Packs in a part-cash and part-stock transaction."
- [business-standard.com](https://www.business-standard.com/article/companies/epl-ltd-board-approves-to-acquire-creative-stylo-packs-to-pick-72-5-stake-120111301207_1.html), 2020-11-13: "The board of EPL Limited, formerly Essel Propack Ltd, has approved the acquisition of Creative Stylo Packs Ltd in a part-cash and part-stock transaction."

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