Loading…
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' Indovida unit, Suntory, Suntory PepsiCo Beverage Thailand and Iwatani formed a partnership bringing Flake-to-Preform direct recycling technology to Thailand through a joint venture. The venture is expected to produce preforms equivalent to about 400 million bottles annually, supplied to Suntory PepsiCo from 2028.
Indorama Ventures, Suntory Holdings, Suntory PepsiCo Beverage Thailand and Iwatani will develop commercial-scale circular PET packaging in Thailand via the Indovida venture, using flake-to-preform recycling technology. Output is expected to be about 400 million bottles' worth of preforms a year from 2028.
The European Commission approved the combination of EPL and Indovida India, a $2 billion packaging deal in which Indorama Ventures will hold a 51.8 per cent stake in the combined business. The commission found no competition concerns under its simplified review.
The European Commission approved a packaging joint venture in which Indorama Netherlands and Epsilon Bidco (Blackstone affiliate) gain joint control of EPL, with Indovida to be absorbed by EPL. The clearance was granted under the simplified merger procedure and covers plastic packaging and PET products.
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.
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%.
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.
Indorama Ventures completed its acquisition of Ngoc Nghia Industry Service Trading JSC, a Vietnamese PET preforms, bottles and closures producer with four plants and 76,000 tons annual PET conversion capacity.
Indorama Ventures completed its acquisition of CarbonLite Holdings' Dallas, Texas PET recycling facility, bought for nearly $64 million in a bankruptcy auction. The site, renamed Indorama Ventures Sustainable Recycling, has combined capacity of 92,000 tons a year of food-grade rPET pellets and supports more than 130 jobs.
Indorama Ventures agreed to acquire IMP Polowat, a PET recycling business with two sites in Bielsko-Biala and Leczyca, Poland, with combined capacity of 23,000 tonnes of rPET flakes and 4,000 tonnes of rPET pellets. Closing is expected in Q3 2020, subject to regulatory approvals.
L'Occitane extended its partnership with Loop Industries, which will supply 100% of the PET resin for its bottles from a joint facility with Indorama Ventures in South Carolina, letting L'Occitane reach its 100% recycled bottle goal ahead of 2025.
Danone SA signed a multi-year packaging supply agreement with Loop Industries to buy 100% sustainable, upcycled Loop-branded PET produced at Loop's joint venture facility with Indorama Ventures in the US.
Thailand-based Indorama Ventures agreed to acquire German firm Invista Resins and Fibers, including its Gersthofen value-added PET manufacturing facility.
Indorama Ventures (IVL) acquired a 74% share of Egypt-based PET preforms maker Medco Plast, which has annual capacity of 70,000 metric tonnes. The deal was reported on 15 November 2018.
Indorama Ventures has agreed to acquire Sorepla Industrie S.A., a French plastics recycler with a combined capacity of 52,000 tonnes per year and 58 employees. The deal expands its food-grade rPET supply in Europe.
Indorama Ventures and India's Dhunseri Petrochem formed a 50:50 joint venture to acquire up to 50% of Egyptian Polyester Company (EIPET) and restart its 540,000 tonne/year PET plant in Ain Sokhna, Egypt. Financial details were not disclosed.
