Essel Propack is reportedly eyeing a deal for the packaging business of Hindustan Unilever’s (HUL) oral care brands Pepsodent and Close Up in the domestic market. The packaging company already has oral care clients such as Colgate, Dabur and Vicco in India.
The company is also planning to grow its non-oral care portfolio, in categories such as beauty, cosmetics, pharmaceuticals and foods in both India and overseas. In India, Essel Propack has been catering to clients such as Emami, Dabur, Shehnaz Hussain and Avon in the non-oral category.
HUL is the second largest oral care player after Colgate, while Essel Propack, part of $2.4 billion Essel Group with a turnover of over $300 million, is a specialty packaging company. The company’s products have applications in areas of oral care, cosmetics, personal care, pharmaceutical, food and industrial sectors, by offering customized solutions.
| Company Name | CMP |
|---|---|
| Uflex | 406.10 |
| EPL | 233.25 |
| AGI Greenpac | 585.45 |
| Huhtamaki India | 190.40 |
| TCPL Packaging | 2647.00 |
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