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EPL Limited (formerly Essel Propack Limited) is a global tube-packaging company owned by The Blackstone Group headquartered in Mumbai, India.[1] It is a specialty packaging manufacturer of laminated plastic tubes for the FMCG and Pharma space.[2][3]
In 2013, Essel Propack employed more than 2,600 people, and operated 24 facilities in 11 countries,[4] selling more than six billion tubes each year and was the world's largest plastic tubes manufacturer.Template:Citation needed As of 2009, the company had a global market share of 33% in the toothpaste tube packaging industry.[5]
History
The company was formed from the merger of two pre-existing companies, Essel Packaging and Propack AG led by then CEO Cyrus Bagwadia.[6][7]
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.[2][8][9] In the same year, the company set up its fourth plant in China.[10]
The company was acquired by The Blackstone Group in 2019 during an assets sale of the debt-ridden Essel Group.[1] The company was renamed to EPL Limited in October 2020.[11]
References
- ↑ 1.0 1.1 Sudhanshu Vats Appointed CEO And MD At Essel Propack. BW Businessworld(15 April 2020).
- ↑ 2.0 2.1 A Tale of the Tubes. Chief Executive Group LLC(1 October 2003). Retrieved 1 September 2013.
- ↑ The Bathroom Companion: A Collection of Facts about the Most-Used Room in the House{{#if:|, {{{last}}}}. Quirk Books(2005). ISBN 978-1-59474-028-2
- ↑ The Big Squeeze. Living Media India Ltd.. Retrieved 1 September 2013.
- ↑ Hidden Champions of the Twenty-First Century{{#if:Simon|, Simon}. Springer(2009). ISBN 978-0-387-98147-5
- ↑ Essel Packaging in merger deal with Propack. The Hindu(16 November 2000). Retrieved 1 September 2013.
- ↑ Essel Packaging announces merger with Swiss major. Indian Express(16 November 2000). 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.
- ↑ Coming to America(27 October 2003). Retrieved 1 September 2013.
- ↑ EPGL's fourth unit in China. The Hindu(31 March 2002).
- ↑ Essel Propack To Be Renamed As EPL. BloombergQuint(12 October 2020). Retrieved 2021-06-28.
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