EPL-Indovida Merger to Create $1B Packaging Leader

EPL Limited announced a share swap merger with Indovida India Private Limited to create a $1 billion revenue packaging company focused on emerging markets.
The merger is EBIT margin, EPS and ROCE accretive to EPL, with identified synergies of $35-$50 million across geography, product portfolio and costs.
Post-merger, Indorama Ventures will hold 51.8% and become promoter, while Blackstone retains 16.6% stake; completion is expected in ~12 months subject to approvals.
Management held a conference call on March 30, 2026 to discuss transaction details, synergies, and address analyst questions about the transformational deal.