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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.
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.
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%.
EPL America will invest $37.4 million in building upgrades and new machinery at its 200,000-square-foot Danville, Virginia facility, adding 24 jobs and expanding into beauty and cosmetic laminated tubes.
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.
