Essel Propack Explained

EPL
Type:Public
Traded As:
Foundation:1982 in Mumbai
Founder:Subhash Chandra
Hq Location:Mumbai, Maharashtra, India
Area Served:Worldwide
Key People:Anand Kripalu (MD & CEO)
Industry:Tube Packaging
Revenue: (2019)
Num Employees:2700+ (2014)
Owner:The Blackstone Group (52%)[1]

EPL Limited (formerly Essel Propack Limited) is a global tube-packaging company owned by The Blackstone Group headquartered in Mumbai.[2] It is a specialty packaging manufacturer of laminated plastic tubes for the FMCG and Pharma space.[3] [4]

In 2013, Essel Propack employed more than 2,600 people, and operated 24 facilities in 11 countries,[5] selling more than six billion tubes each year and claims to be the world's largest plastic tubes manufacturer.[6] As of 2009, the company had a global market share of 33% in the toothpaste tube packaging industry.[7]

History

The company was formed from the merger of two pre-existing companies, Essel Packaging and Propack AG led by then CEO Cyrus Bagwadia.[8] [9]

In 2002, Essel Propack set up a 60,000 sq.ft, US$15 Million manufacturing plant in Danville, Virginia, to make toothpaste tubes for Procter & Gamble's North American market.[3] [10] [11] In the same year, the company set up its fourth plant in China.[12]

The company was acquired by The Blackstone Group in 2019 during an assets sale of the debt-ridden Essel Group.[2] The company was renamed to EPL Limited in October 2020.[13]

Notes and References

  1. News: Dhanjal . Swaraj Singh . Blackstone sells 23% stake in Essel Propack in block deal worth $252 mn . 28 February 2023 . mint . 18 September 2020.
  2. Web site: Sudhanshu Vats Appointed CEO And MD at Essel Propack. 15 April 2020. BW Businessworld.
  3. Web site: A Tale of the Tubes. Chief Executive.net. Chief Executive Group LLC. 1 September 2013. 1 October 2003. https://web.archive.org/web/20141205011142/http://chiefexecutive.net/a-tale-of-the-tubes. 5 December 2014. dead.
  4. Book: James Buckley Jr.. The Bathroom Companion: A Collection of Facts about the Most-Used Room in the House. registration. 2005. Quirk Books. 978-1-59474-028-2. 133.
  5. Web site: The Big Squeeze. Business Today. 1 September 2013.
  6. Web site: Essel Propack Boosts Manufacturing Capacity in Egypt, China . 2023-04-03 . NDTV.
  7. Book: Simon, Hermann. Hidden Champions of the Twenty-First Century. Springer. 2009. 978-0-387-98147-5. Bonn, Germany. 9. Hermann Simon (manager).
  8. News: Essel Packaging in merger deal with Propack. https://archive.today/20140901053442/http://hindu.com/2000/11/16/stories/06160006.htm. dead. 1 September 2014. 1 September 2013. 16 November 2000. The Hindu. UNI.
  9. News: Essel Packaging announces merger with Swiss major. 1 September 2013. The Indian Express. 16 November 2000. dead. https://archive.today/20140901053438/http://expressindia.indianexpress.com/news/fe/daily/20001116/fco16043.html. 1 September 2014.
  10. Web site: Essel Propack setting up unit in USA, to expand facilities in China, Egypt. Projects Today. 1 September 2013. 20 April 2002.
  11. Web site: Coming to America. Forbes. 1 September 2013. Deborah Orr. 27 October 2003.
  12. News: EPGL's fourth unit in China . The Hindu . 31 March 2002.
  13. Web site: 12 October 2020. Press Trust of India. Essel Propack To Be Renamed As EPL. 2021-06-28. BloombergQuint.

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