ESSEL PROPACK acquired by BLACKSTONE
Context
Blackstone entered into a definitive agreement to acquire an initial 51% controlling stake in Essel Propack from the Ashok Goel Trust. The transaction was strategically motivated by the rapid growth of the Indian consumer market and the increasing global demand for specialized pharmaceutical and personal care packaging. By transitioning from a family-led structure to a private equity-backed model, the deal was designed to accelerate Essel Propack’s expansion across the Asia Pacific and Oceania regions, utilizing India as a central manufacturing and export hub.
ESSEL PROPACK, which reported an EBITDA margin of LOGIN in 2018, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Industry & Manufacturing sector (11.6x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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Target
Essel Propack is a premier global specialty packaging company and the largest manufacturer of laminated plastic tubes used primarily by the FMCG and pharmaceutical sectors. The organization operates a vast industrial footprint with manufacturing facilities across 10 countries, supported by a professional workforce of over 3,100 employees. Its core business focuses on the design and production of high-barrier laminates for brands in oral care, beauty, and healthcare, serving as a critical supply chain partner for multinational corporations. By leveraging advanced material science and automated manufacturing processes, the company provides essential packaging solutions that cater to high-growth consumer markets across India, the Asia Pacific, and the Americas.
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Historical Financials (USD)
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REFERENCES
Valuation range: EV 500M - 1.5b USD
Revenue range: 250M - 500M USD
EBITDA range: 50M - 100M USD
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Acquirer: blackstone