EPL Limited (formerly Essel Propack Limited) is a global tube-packaging company owned by

The Blackstone Group Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate ...

headquartered in

Mumbai Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the secon ...

India India, officially the Republic of India ( Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the ...

. It is a specialty packaging manufacturer of laminated plastic tubes for the FMCG and Pharma space. In 2013, Essel Propack employed more than 2,600 people, and operated 24 facilities in 11 countries, selling more than six billion tubes each year and was the world's largest plastic tubes manufacturer. As of 2009, the company had a global market share of 33% in the

toothpaste tube A tube, squeeze tube, or collapsible tube is a collapsible package which can be used for viscous liquids such as toothpaste, artist's paint, adhesive, caulk, & ointments. Basically, a tube is a cylindrical, hollow piece with a round or oval pro ...

packaging industry.

History

The company was formed from the merger of two pre-existing companies, Essel Packaging and Propack AG led by then CEO Cyrus Bagwadia. 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. In the same year, the company set up its fourth plant in China. The company was acquired by

in 2019 during an assets sale of the debt-ridden

Essel Group Essel Group, (also known as Zee Group) is an Indian multinational conglomerate holding company and corporate promoter headquartered in Mumbai, Maharashtra, India. The company has had business interests in mass media, infrastructure and pac ...

. The company was renamed to EPL Limited in October 2020.

References

Multinational companies headquartered in India Plastics companies of India Manufacturing companies based in Mumbai Essel Group Packaging companies of India Companies listed on the Bombay Stock Exchange 2019 mergers and acquisitions 1982 establishments in Maharashtra Indian companies established in 1982 {{India-company-stub