Essel Propack

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Essel Propack
IndustryTube Packaging
FoundedMumbai, India(1982)
Founder(s)Subhash Chandra
HeadquartersMumbai, India
Area served
Worldwide
Key people
Ashok Goel (Chairman)
RevenueIncrease ₹2,773 crore (US$320 million) (2019)
Number of employees
2700+ (2014)
ParentThe Blackstone Group
Websitehttp://www.esselpropack.com

Essel Propack 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.[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]

References

  1. ↑ 1.0 1.1 "Sudhanshu Vats Appointed CEO And MD At Essel Propack". BW Businessworld. 15 April 2020.
  2. ↑ 2.0 2.1 "A Tale of the Tubes". Chief Execuitve.net. Chief Executive Group LLC. 1 October 2003. Archived from the original on 5 December 2014. Retrieved 1 September 2013.
  3. ↑ James Buckley Jr. (2005). The Bathroom Companion: A Collection of Facts about the Most-Used Room in the House. Quirk Books. p. 133. ISBN 978-1-59474-028-2.
  4. ↑ "The Big Squeeze". Business Today. Living Media India Ltd. Retrieved 1 September 2013.
  5. ↑ Simon, Hermann (2009). Hidden Champions of the Twenty-First Century. Bonn, Germany: Springer. p. 9. ISBN 978-0-387-98147-5.
  6. ↑ "Essel Packaging in merger deal with Propack". The Hindu. UNI. 16 November 2000. Archived from the original on 1 September 2014. Retrieved 1 September 2013.
  7. ↑ "Essel Packaging announces merger with Swiss major". Indian Express. 16 November 2000. Archived from the original on 1 September 2014. Retrieved 1 September 2013.
  8. ↑ "Essel Propack setting up unit in USA, to expand facilities in China, Egypt". Projects Today. 20 April 2002. Retrieved 1 September 2013.
  9. ↑ Deborah Orr (27 October 2003). "Coming to America". Forbes. Retrieved 1 September 2013.
  10. ↑ "EPGL's fourth unit in China"[dead link]. The Hindu, Mar 31, 2002.

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