Essel Propack
 | |
| Company type | Public |
|---|---|
| NSE: EPL BSE: 500135 | |
| Industry | Tube Packaging |
| Founded | 1982 in Mumbai |
| Founder | Subhash Chandra |
| Headquarters | Mumbai, Maharashtra, India |
Area served | Worldwide |
Key people | Anand Kripalu (MD & CEO) |
| Revenue |  ₹2,773 crore (US$330 million) (2019) |
| Owner | The Blackstone Group (52%)[1] |
Number of employees | 2700+ (2014) |
| Website | www |
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
[edit]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]
References
[edit]- ^ Dhanjal, Swaraj Singh (18 September 2020). "Blackstone sells 23% stake in Essel Propack in block deal worth $252 mn". mint. Retrieved 28 February 2023.
- ^ a b "Sudhanshu Vats Appointed CEO And MD at Essel Propack". BW Businessworld. 15 April 2020.
- ^ a b "A Tale of the Tubes". Chief Executive.net. Chief Executive Group LLC. 1 October 2003. Archived from the original on 5 December 2014. Retrieved 1 September 2013.
- ^ James Buckley Jr. (2005). The Bathroom Companion: A Collection of Facts about the Most-Used Room in the House. Quirk Books. p. 133. ISBN 978-1-59474-028-2.
- ^ "The Big Squeeze". Business Today. Retrieved 1 September 2013.
- ^ "Essel Propack Boosts Manufacturing Capacity in Egypt, China". NDTV. Retrieved 3 April 2023.
- ^ Simon, Hermann (2009). Hidden Champions of the Twenty-First Century. Bonn, Germany: Springer. p. 9. ISBN 978-0-387-98147-5.
- ^ "Essel Packaging in merger deal with Propack". The Hindu. UNI. 16 November 2000. Archived from the original on 1 September 2014. Retrieved 1 September 2013.
- ^ "Essel Packaging announces merger with Swiss major". The Indian Express. 16 November 2000. Archived from the original on 1 September 2014. Retrieved 1 September 2013.
- ^ "Essel Propack setting up unit in USA, to expand facilities in China, Egypt". Projects Today. 20 April 2002. Retrieved 1 September 2013.
- ^ Deborah Orr (27 October 2003). "Coming to America". Forbes. Retrieved 1 September 2013.
- ^ "EPGL's fourth unit in China". The Hindu. 31 March 2002.
- ^ "Essel Propack To Be Renamed As EPL". BloombergQuint. Press Trust of India. 12 October 2020. Retrieved 28 June 2021.
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- Multinational companies headquartered in India
- Plastics companies of India
- Manufacturing companies based in Mumbai
- Essel Group
- Blackstone Inc. companies
- Packaging companies of India
- Companies listed on the Bombay Stock Exchange
- Companies listed on the National Stock Exchange of India
- 2019 mergers and acquisitions
- 1982 establishments in Maharashtra
- Indian companies established in 1982
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