EPL Ltd and Indovida India have signed definitive merger agreements creating a packaging group valued at $2 billion with projected annual revenue of $1 billion. The combined entity brings together flexible and rigid PET packaging capabilities across 40 facilities spanning 14 countries.
Blackstone-backed EPL enters the deal valued at $1.2 billion, while Indorama Ventures-backed Indovida carries a $700 million valuation. Post-merger, Indorama Ventures will emerge as co-promoter holding 51.8 percent, with Blackstone retaining 16.6 percent.
The merger consolidates EPL’s specialty in laminated tubes, extruded tubes, caps, and closures with Indovida’s rigid PET preforms, bottles, and closure production. Approximately 75 percent of the merged company’s revenue derives from emerging markets, with complementary geographic presence expected to drive growth.
The combination positions the merged platform among leading emerging market-focused packaging companies, targeting scale advantages and broader portfolio reach across flexible and rigid formats for brand customers.
