Thai chemical giant Indorama buys into Indian packaging maker
BANGKOK -- Thai petrochemical company Indorama Ventures has taken a roughly 25% stake in Indian packaging manufacturer EPL from U.S. investment firm Blackstone, tapping rising demand from India's growing population.
Indorama is paying an estimated $220 million for the shares. Mumbai-based EPL, which employs around 3,500 people, makes daily necessities as well as specialized products such as plastic tubes for the health care industry.
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