Indorama Ventures Europe (IVE) is set to acquire a 24.9% minority stake in EPL Limited, a global specialty packaging company and one of the leading manufacturer of laminated tubes. The stake is being purchased from private equity firm Blackstone for $220 million.
The companies expect to finalize the deal in the coming months, pending customary regulatory approvals and closing conditions. Once the transaction is complete, Indorama will have the right to appoint a nominee director to EPL’s board, according to a company statement.
Strategic Growth and Market Expansion
Anand Kripalu, Managing Director and CEO of EPL, emphasized the benefits of the partnership. He highlighted that Indorama’s investment has already contributed to EPL’s expansion into emerging markets. It has also strengthened EPL’s focus on sustainable tubes and increased its market share in the fast-growing beauty, cosmetics, and pharmaceutical industries.
Indorama’s presence will further support EPL’s geographical expansion, particularly in Thailand and Nigeria. “This collaboration will significantly accelerate our growth and performance,” Kripalu stated.
Boosting Investment in Thailand
EPL has announced a capital expenditure plan in Thailand. Indorama’s headquarters in the country will play a crucial role in driving these initiatives forward. “With Indorama’s backing, we will be able to fast-track our expansion in Thailand and enhance our global footprint,” Kripalu added.
As reported by livemint.com, the acquisition is a strategic move for both companies. It positions EPL for sustained growth and reinforces Indorama’s presence in the specialty packaging sector.
