Indorama Netherlands to acquire 25% stake in Essel Propack from Blackstone for $220m.

Indorama Netherlands, a chemical company, agreed to acquire 25% stake in Essel Propack, a global tube-packaging company, from Blackstone, an American multinational private equity, alternative asset management, and financial services firm, for $220m. “We are pleased to continue to support EPL in its growth journey. Over the last few years, in conjunction with the management team led by CEO Anand Kripalu, we have helped build the business into one of the fastest growing packaging companies worldwide. EPL is now a global leader in sustainable packaging, supplying to some of leading brands across sectors. We are excited to welcome IVL as an investor in EPL,” Amit Dixit, Blackstone Head of Asia Private Equity.