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Essel Propack

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EPL
Company typePublic
NSE: EPL
BSE: 500135
IndustryTube Packaging
Founded1982 in Mumbai
FounderSubhash Chandra
HeadquartersMumbai, Maharashtra, India
Area served
Worldwide
Key people
Anand Kripalu (MD & CEO)
RevenueIncrease ₹2,773 crore (US$320 million) (2019)
OwnerThe Blackstone Group (52%)[1]
Number of employees
2700+ (2014)
Websitewww.eplglobal.com

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]
  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. ^ a b "Sudhanshu Vats Appointed CEO And MD at Essel Propack". BW Businessworld. 15 April 2020.
  3. ^ 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.
  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. Retrieved 1 September 2013.
  6. ^ "Essel Propack Boosts Manufacturing Capacity in Egypt, China". NDTV. 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". The 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.


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