Smithe diversifies into labels with Aquaflex acquisition

Aquaflex has been acquired by the FL Smithe Machine Company, a privately held, global group, which produces presses and finishing systems for the envelope manufacturing industry.

Aquaflex manufactures printing and converting systems ranging from 10" to 26" wide for the tag & label, folding carton and flexible packaging markets.

Edgar Smithe, President of F.L. Smithe, commented on the transaction, ‘We're very excited to complete this transaction on the eve of our 100th anniversary, as this allows us to diversify into the Label and Flexible Packaging markets. Aquaflex makes an excellent product that will complement our line nicely. We look forward to building upon both companies' history - offering the highest quality products in our respective markets.’
Aquaflex was previously known as Chromas.