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.

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.

Indorama Ventures' board approved merging its Indovida India packaging unit into listed EPL Limited, with Indorama expected to hold about 51.8% of EPL after completion. The total transaction value is about INR 62,558 million, and completion is expected within 12 months.

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%.

Kanpur Plastipack Limited's board approved a 50:50 joint venture with Italy's Essegomma. The article gives no financial terms or product details.

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.

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.

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.

PiovanGroup acquired an additional 1% equity stake in Nu-Vu Conair Private Ltd, bringing its collective holding to 51% and consolidating its position in India's plastics and polymer processing market.

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.

Sintex-BAPL transferred its two- and four-wheeler plastic-moulded automotive components business to Plastauto for Rs 110 crore under a business transfer agreement signed March 29, 2023.

Welspun Corp, through subsidiary Mahatva Plastic Products, completed the acquisition of insolvent Sintex-BAPL for Rs 1,251 crore on March 29, 2023. The deal was made under an NCLT-approved resolution plan.

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.

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.

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.

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.

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.

Germany's NORMA Group SE agreed to acquire Kimplas Piping Systems Ltd, a Nashik-based maker of fittings, valves and micro-irrigation equipment, for an undisclosed amount. The deal was agreed on April 6, 2018 and is expected to close by mid-2018.

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.