Packaging major EPL set to buy Creative Stylo

Creative Stylo Packs is a manufacturer of corrugated boxes, laminated tubes, plastic co-ex tubes and caps-primarily serving personal care, cosmetic, pharmaceuticals and FMCG markets in India.

The transaction entails purchase of 72.5% stake in Creative Stylo Packs Pvt Ltd through cash. The remaining 27.5% stake will be purchased through issuance of EPL shares to the founders of Creative Stylo Pack post the merger. Bhavik Shah and Darshan Shah, the founders of Creative Stylo Packs will join the EPL management team post the acquisition.

EPL’s MD-CEO Sudhanshu Vats, said: “EPL is committed to leading the pack; simultaneously driving market leading revenue growth as well as capital-efficient and consistent earnings growth. We believe our acquisition will enrich our portfolio, enabling us to advance our ambition in personal care. This will strengthen us further in AMESA (Africa, Middle East and South Asia), a key growth region for us.”

EY was the exclusive financial advisor on the transaction. Trilegal was the legal advisor for EPL and Cyril Amarchand was the legal advisor for Creative. KPMG provided transaction advisory services.