EPL, Indovida Announce Merger to Form Emerging Markets Packaging Giant

Mumbai: EPL Limited (“EPL”), one of the global leaders in flexible packaging solutions backed by Blackstone, and Indovida India Private Limited (“Indovida”), one of the leading global rigid PET packaging platforms backed by Indorama Ventures, have today signed definitive agreements for a merger. The merger has been approved by the Board of Directors of the respective companies and is subject to regulatory and shareholders’ approvals. The merger will establish a stronger platform by combining the packaging portfolio and capabilities, expanding global access, and enhancing the addressable market size, growth potential