Apr 12, 2005. /Lesprom Network/. Packaging major Essel Propack (NSI:ESSL) said it has acquired UK-based Telcon Packaging. The acquisition of 100% stake in Telcon has been made through Lamitube Technologies Ltd, Mauritius, a wholly owned subsidiary of the Company, Essel Propack informed the Bombay Stock Exchange. This strategic move provides the company, a manufacturer of laminated tubes, with a local manufacturing base in UK which in turn will strengthen its position for winning major contracts in UK and Europe. This acquisition can be termed as a major move towards the company's consolidation in the European market, it said. "The acquisition of Telcon Packaging is a continuation of our stated strategic intent for Europe and Americas. We expect this step to result in further consolidation of laminated tubes manufacturing in Europe," said Ashok Goel, the Vice Chairman and Managing Director of Essel Propack.