>DaxServer at 17:26, 21 August 2021

2021-08-21T17:26:46Z

New page

{{Short description|Indian multinational packaging company}}
{{Use dmy dates|date=September 2013}}
{{Infobox company
| name = EPL
| logo = [[File:EPL Logo with TM.jpg|250px]]
| type = [[Publicly traded company]]
| foundation = [[Mumbai]], [[India]](1982)
| founder = Subhash Chandra
| hq_location = [[Mumbai]], [[India]]
| area_served = Worldwide
| key_people = [[Sudhanshu Vats]] (MD & CEO)
| industry = Tube Packaging
| revenue = {{profit}} {{INRConvert|2773|c}} (2019)
| num_employees = 2700+ (2014)
| parent = [[The Blackstone Group]]
| homepage = http://www.eplglobal.com
}}
'''EPL Limited''' (formerly '''Essel Propack Limited''') is a global tube-packaging company owned by [[The Blackstone Group]] headquartered in [[Mumbai]], [[India]].<ref name="businessworld.in">{{Cite web|title=Sudhanshu Vats Appointed CEO And MD At Essel Propack|url=http://businessworld.in/article/Sudhanshu-Vats-Appointed-CEO-And-MD-At-Essel-Propack/15-04-2020-189298|date=15 April 2020|website=[[BW Businessworld]]|language=en}}</ref> It is a [[Luxury and specialty packaging|specialty packaging]] manufacturer of laminated plastic tubes for the FMCG and Pharma space.<ref name="A Tale of the Tubes">{{cite web|title=A Tale of the Tubes|url=http://chiefexecutive.net/a-tale-of-the-tubes|work=Chief Execuitve.net|publisher=Chief Executive Group LLC|access-date=1 September 2013|date=1 October 2003|archive-url=https://web.archive.org/web/20141205011142/http://chiefexecutive.net/a-tale-of-the-tubes|archive-date=5 December 2014|url-status=dead}}</ref><ref name="Jr.2005">{{cite book|author=James Buckley Jr.|title=The Bathroom Companion: A Collection of Facts about the Most-Used Room in the House|url=https://archive.org/details/bathroomcompanio0000buck|url-access=registration|year=2005|publisher=Quirk Books|isbn=978-1-59474-028-2|page=[https://archive.org/details/bathroomcompanio0000buck/page/133 133]}}</ref>

In 2013, Essel Propack employed more than 2,600 people, and operated 24 facilities in 11 countries,<ref name="busstod">{{cite web|title=The Big Squeeze|url=http://archives.digitaltoday.in/businesstoday/20020707/features3.html|work=Business Today|publisher=Living Media India Ltd.|access-date=1 September 2013}}</ref> selling more than six billion tubes each year and was the world's largest plastic tubes manufacturer.{{citation needed|date=May 2015}} As of 2009, the company had a global market share of 33% in the [[toothpaste tube]] packaging industry.<ref>{{Cite book|last=Simon|first=Hermann|title=[[Hidden Champions]] of the Twenty-First Century|publisher=[[Springer Science+Business Media|Springer]]|year=2009|isbn=978-0-387-98147-5|location=[[Bonn, Germany]]|pages=9|author-link=Hermann Simon (manager)}}</ref>

==History==
The company was formed from the merger of two pre-existing companies, Essel Packaging and Propack AG led by then CEO [[Cyrus Bagwadia]].<ref>{{cite news|title=Essel Packaging in merger deal with Propack|url=http://hindu.com/2000/11/16/stories/06160006.htm|archive-url=https://archive.today/20140901053442/http://hindu.com/2000/11/16/stories/06160006.htm|url-status=dead|archive-date=1 September 2014|access-date=1 September 2013|date=16 November 2000|newspaper=[[The Hindu]]|agency=UNI}}</ref><ref name=merger>{{cite news|title=Essel Packaging announces merger with Swiss major|url=http://expressindia.indianexpress.com/news/fe/daily/20001116/fco16043.html|access-date=1 September 2013|newspaper=Indian Express|date=16 November 2000|url-status=dead|archive-url=https://archive.today/20140901053438/http://expressindia.indianexpress.com/news/fe/daily/20001116/fco16043.html|archive-date=1 September 2014|df=dmy-all}}</ref>

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.<ref name="A Tale of the Tubes"/><ref>{{cite web|title=Essel Propack setting up unit in USA, to expand facilities in China, Egypt|url=http://www.projectstoday.com/News/Essel-Propack-setting-up-unit-in-USA-to-expand-facilities-in-China-Egypt|publisher=Projects Today|access-date=1 September 2013|date=20 April 2002}}</ref><ref>{{cite web|title=Coming to America|url=https://www.forbes.com/global/2003/1027/042sidebar.html|work=Forbes|access-date=1 September 2013|author=Deborah Orr|date=27 October 2003}}</ref> In the same year, the company set up its fourth plant in China.<ref>{{cite news | url=https://www.thehindu.com/todays-paper/tp-business/epgls-fourth-unit-in-china/article27839225.ece | title=EPGL's fourth unit in China | newspaper=The Hindu | date=31 March 2002}}</ref>

The company was acquired by [[The Blackstone Group]] in 2019 during an assets sale of the debt-ridden [[Essel Group]].<ref name="businessworld.in"/> The company was renamed to EPL Limited in October 2020.<ref>{{Cite web|date=12 October 2020|others=[[Press Trust of India]]|title=Essel Propack To Be Renamed As EPL|url=https://www.bloombergquint.com/markets/essel-propack-to-be-renamed-as-epl|url-status=live|access-date=2021-06-28|website=[[BloombergQuint]]|language=en}}</ref>

==References==

{{Reflist}}

{{Blackstone Companies}}
{{Essel Group}}
{{Authority control}}

[[Category:Multinational companies headquartered in India]]
[[Category:Plastics companies of India]]
[[Category:Manufacturing companies based in Mumbai]]
[[Category:Essel Group]]
[[Category:Packaging companies of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:2019 mergers and acquisitions]]
[[Category:1982 establishments in Maharashtra]]
[[Category:Indian companies established in 1982]]

{{India-company-stub}}

Essel Propack - Revision history

>DaxServer at 17:26, 21 August 2021