Essel Propack

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]

EPL
TypePublic
NSE: EPL
BSE: 500135
IndustryTube Packaging
Founded1982 in Mumbai
FounderSubhash Chandra
HeadquartersMumbai, Maharashtra, India
Area served
Worldwide
Key people
Sudhanshu Vats (MD & CEO)
RevenueIncrease ₹2,773 crore (US$350 million) (2019)
OwnerThe Blackstone Group (52%)[1]
Number of employees
2700+ (2014)
Websitewww.eplglobal.com

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]

References
  1. Dhanjal, Swaraj Singh (18 September 2020). "Blackstone sells 23% stake in Essel Propack in block deal worth $252 mn". mint. Retrieved 28 February 2023.
  2. "Sudhanshu Vats Appointed CEO And MD At Essel Propack". BW Businessworld. 15 April 2020.
  3. "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.
  4. 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.
  5. "The Big Squeeze". Business Today. Living Media India Ltd. Retrieved 1 September 2013.
  6. "Essel Propack Boosts Manufacturing Capacity in Egypt, China". NDTV.com. Retrieved 3 April 2023.
  7. Simon, Hermann (2009). Hidden Champions of the Twenty-First Century. Bonn, Germany: Springer. p. 9. ISBN 978-0-387-98147-5.
  8. "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.
  9. "Essel Packaging announces merger with Swiss major". Indian Express. 16 November 2000. Archived from the original on 1 September 2014. Retrieved 1 September 2013.
  10. "Essel Propack setting up unit in USA, to expand facilities in China, Egypt". Projects Today. 20 April 2002. Retrieved 1 September 2013.
  11. Deborah Orr (27 October 2003). "Coming to America". Forbes. Retrieved 1 September 2013.
  12. "EPGL's fourth unit in China". The Hindu. 31 March 2002.
  13. "Essel Propack To Be Renamed As EPL". BloombergQuint. Press Trust of India. 12 October 2020. Retrieved 28 June 2021.{{cite web}}: CS1 maint: others (link)


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