EPL Ltd and Indovida Merge to Revolutionize Packaging Industry
EPL Ltd and Indovida India Pvt Ltd announced a merger, forming a USD 1 billion revenue entity with a USD 2 billion valuation. With backing from Blackstone and Indorama Ventures, the deal combines their packaging strengths, enhancing market reach and growth potential in emerging markets.
- Country:
- India
In a significant industry move, EPL Ltd, supported by Blackstone, and Indovida India Pvt Ltd, backed by Indorama Ventures, have announced their merger to create a powerhouse in the packaging sector.
The new entity, valued at USD 2 billion, aims to generate USD 1 billion in revenue, leveraging extensive market access and innovative packaging solutions.
The merger, approved by both companies' boards, awaits regulatory approval and positions Indorama Ventures as the promoter with a 51.8% stake, while Blackstone holds 16.6%.
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