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.

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.

The Competition Commission of India approved the merger of Indovida India with and into EPL Limited, a packaging company, as reported on May 26, 2026.

Indian packaging company EPL agreed to merge with Indovida, the rigid packaging venture of Indorama Ventures, in a share-swap deal valuing the combined business at about $2 billion. Indorama will hold 51.8% of the combined company and Blackstone about 16.6%.

Siegwerk announced the acquisition of Hi-Tech Inks, adding production capabilities and product range in India for packaging converters and brand owners.

JK Paper Limited acquired a 72% equity stake in Borkar Packaging Private Limited for INR 235 crore in a first tranche, with further tranches to reach 100% within four years. The deal, advised by Shardul Amarchand Mangaldas, is part of JK Paper's push into folding cartons; the article is dated 12 November 2025.

Time Technoplast signed an MoU to acquire a 74% equity stake in Ebullient Packaging, a FIBC and packaging maker, at an enterprise value of about ₹200 crore. Completion is expected in 4 to 6 months, subject to due diligence.

JK Paper agreed to acquire a 72% controlling stake in Goa-based folding carton maker Borkar Packaging for about Rs 235 crore ($27 million) in cash, with the remaining 28% to follow over four years.

Manjushree Technopack, backed by PAG, is reportedly in talks to acquire four to five packaging assets for a combined $150-180 million, with two deals in advanced stages, according to people familiar with the matter.

kdc/one and Clarion Group signed a joint venture agreement in Chennai to establish kdc/one Clarion Beauty Pvt Ltd, which will build a new injection-moulding and metallized beauty packaging plant in Gujarat within 12 months.

Indorama Ventures agreed to acquire a 24.9% minority stake in Essel Propack from Blackstone funds for $220 million at INR 240 per share. The deal is pending customary approvals.

Manjushree Technopack has signed definitive agreements to acquire the plastics packaging business of Oricon Enterprises (Oriental Containers), a maker of plastic caps, closures and preforms. The deal is valued at INR 520 crore and adds plants in Goa and Odisha, subject to customary conditions.

Amcor Flexibles' Indian subsidiary is set to acquire Essel Propack's 100% owned Packaging India Pvt. Ltd, a flexible packaging maker with plants in Tamil Nadu and Uttarakhand, for full cash consideration with an enterprise value of Rs 165 crores.

Japanese paper and packaging manufacturer Rengo acquired a 30% interest in Indian corrugated packaging manufacturer Velvin Containers, which will be renamed Velvin Rengo Containers. Financial terms were not disclosed. Velvin is developing a corrugated plant near Chennai.

Velvin Group and Japan's Rengo formed a joint venture for an upcoming corrugation unit in Cheyyar, Tamil Nadu, with Rengo taking a 30% equity stake. Velvin Containers will be renamed Velvin Rengo Containers Private Limited.

JK Paper signed a share purchase agreement to acquire 100% of Manipal Utility Packaging Solutions for about Rs 90 crore, a maker of folding cartons, corrugated boxes and labels with four plants in India. Completion is expected within six weeks.

Amcor agreed to acquire Phoenix Flexibles, which operates one flexible packaging plant in Gujarat, India, to expand its capacity in India. The deal is expected to close in the September 2023 quarter.

SB Packagings and Constantia Flexibles have finalised their joint venture after CCI approval, under which SB Packagings acquires C-Flex India entities (Creative Polypack, Aparna Paper, Vibgyor, Parikh Flexibles) in a share swap, with Premji Invest as shareholder.

Constantia Flexibles and SB Packagings have finalised a joint venture, SB-Constantia Flexibles, to make sustainable food and hygiene packaging in India and South Asia, with investment from Premji Invest after Competition Commission of India approval. The JV operates nine plants.

Constantia Flexibles signed a joint venture agreement merging its Indian business and operations with SB Packagings, which is backed by Premji Invest, to create a packaging platform in India and South Asia. The article is dated 8 February 2023.

Constantia Flexibles signed a joint venture agreement with Premji Invest and S.B. Packagings to expand its packaging business in India, including hygiene packaging and its EcoLam range. The deal is expected to complete by the end of March 2023, pending regulatory approvals.

SB Packagings entered a joint venture with Constantia Flexibles, combining Constantia India's operations with SB Packagings to build a packaging platform across India and South Asia. Closure is subject to regulatory approvals and is expected by March end.

Constantia Flexibles signed a joint venture agreement with SB Packagings and its investor Premji Invest for Constantia's Indian business, creating a packaging platform with ten locations in India. Closing is expected by end of March 2023, pending regulatory approvals.

JK Paper agreed to acquire 85% stakes in Horizon Packs and Securipax Packaging, India's corrugated packaging manufacturers with seven plants, for about Rs 578 crore in phases. The remaining 15% will be acquired within three years.

According to people familiar with the matter, US private equity firm Bain is in acquisition talks to buy Parksons Packaging, an Indian folding color box maker, for about 30 billion Indian rupees. Credit Suisse is reportedly advising, and a deal could close within three months.

Fruit importer IG International and Mumbai-based Esquire Corrugation formed a joint venture, Esquire IG, to manufacture sustainable corrugated carton packaging for fresh produce. The JV targets 500 to 1,000 tonnes of output for domestic and global markets.

Elopak and GLS launched GLS Elopak, a 50/50 joint venture headquartered in Gurugram, Haryana, to make fresh and aseptic carton packaging at a manufacturing hub in Rewari, Haryana, India.

Elopak and GLS formed GLS Elopak, a 50-50 joint venture headquartered in Gurugram, India, to make fibre-based aseptic and fresh packaging. Manufacturing will be based in Rewari, Haryana, with a reported value of $35 million.

TCPL Packaging's board approved the acquisition of a 60% stake in Creative Offset Printers Private Limited, a maker of rigid hard boxes for mobile phone makers. TCPL plans to acquire more shares after a planned rights issue.

Manjushree Packtek acquired Bengaluru-based Jallan Polypack, a manufacturer of paper cups and plastic lids, in January 2022. The terms of the transaction were not disclosed.

UFP Industries, through its affiliate UFP Global Holdings, acquired 70 percent of Ficus Pax, an industrial packaging producer with 10 facilities in southern India, for about $13.5 million. The deal marks UFP's first industrial presence in India.

Premji Invest bought a major, undisclosed stake in SB Packagings, an Indian flexible packaging maker for the hygiene segment, with proceeds partly used for capacity expansion and acquisitions.

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.

Packaging converter ALPLA has acquired an Amcor facility in Alandi, near Pune in Western India, that produces PET bottle preforms, and will take over all 50 employees. The site becomes ALPLA's ninth location in India.

In July 2020 SÜDPACK entered a joint venture with India-based Kamakshi Flexiprints to develop a new flexible packaging facility near Ahmedabad. The plant will serve barrier, aesthetics and convenience packaging needs.

Kuala Lumpur-based Creador has reportedly emerged as frontrunner to acquire about 20% of packaging maker Shriji Polymers, including Tata Capital Healthcare Fund's 13% stake, at a valuation of Rs 1,200 crore. The report, dated 13 May 2020, is based on unnamed sources and Creador has signed an exclusivity agreement.

Italian metal packaging group Tecnocap set up joint venture Tecnocap Oriental in Mumbai with Indian packager Oricon Enterprise, taking 75% control via the acquisition of Oricon's Metal Lug business. It marks Tecnocap's entry into India and the Far East.

India's Competition Commission approved Epsilon Bidco's acquisition of up to 75% of packaging maker Essel Propack Limited by order dated 3 June 2019.

Epsilon Bidco, an affiliate of Blackstone funds, agreed via a share purchase agreement and mandatory open offer to acquire up to 75% of Essel Propack Limited, signed April 22, 2019 and approved by India's CCI on June 3, 2019.

Blackstone agreed to buy a 51% stake in Essel Propack, an Indian laminated tubes and specialty packaging maker, from Ashok Goel Trust for up to $460 million, with a mandatory open offer for a further 26%.

Amcor and Huhtamaki are reportedly in preliminary talks with the promoters of Essel Propack to acquire a controlling stake in the Indian laminated tube maker. Morgan Stanley is handling the sale, according to unconfirmed reports.

Constantia Flexibles Group agreed to acquire a majority shareholding in India's film-based laminates producer Creative Polypack for an undisclosed fee, as reported on 28 March 2018.

In 2018, Advent International acquired a 77% stake in Indian rigid plastic packaging maker Manjushree Technopack from Kedaara Capital and the promoters. The deal value was not disclosed.

Tri-Wall Japan acquired a 90% stake in Pronk Multiservice India Private Limited, which operates heavy-duty packaging manufacturing in Bangalore, Faridabad, Mumbai and Chennai.

Oriental Containers will sell a 51 percent stake in Oricon Packaging to Pelliconi & C.S.P.A. for about 4.19 billion rupees under a business transfer agreement signed by Oricon Enterprises.

Oricon Enterprises' board approved transferring the closures business of Oriental Containers to Oricon Packaging and selling a 51% stake in Oricon Packaging to Italy's Pelliconi at an enterprise value of Rs 419.40 crore, subject to agreed conditions. The approvals were given at a meeting on 27 October 2017.

Pacman-CCL, a joint venture of CCL Industries and Albwardy Investment, is set to acquire a 70% stake in Super Label, an Indian pressure-sensitive label maker, for $3.75 million.

Oji Holdings reached an agreement with JK Paper to acquire an additional 20% stake in Oji JK Packaging, a corrugated container maker in India that is a joint venture of JK Paper, Oji and Marubeni.