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Essel Propack
Indian multinational packaging company From Wikipedia, the free encyclopedia
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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]
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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]
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Awards and recognition
In 2013, the company's Europe division received the Tube of the Year award from the European Tube Manufacturer’s Association.[14]
References
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