Essel Propack
Indian multinational packaging company
From Wikipedia, the free encyclopedia
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]
| |
| 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 | Hemant Bakshi (MD & CEO) |
| Revenue |  ₹2,773 crore (US$290 million) (2019) |
| Owner | The Blackstone Group (52%)[1] |
Number of employees | 2700+ (2014) |
| Website | www |
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]