up 73 percent in 2008
Aquaflex, a division of F.L. Smithe and based in Duncansville, PA, USA, reports that 2008 sales revenue increased 73 percent over 2007. The number of presses sold internationally in 2008 increased four-fold.
Mac Rosenbaum, vice president of Aquaflex / F. L. Smithe, says, “2008 was a surprisingly dynamic year for Aquaflex. While the economic slowdown has impacted the entire industry, Aquaflex experienced far less reduction in activity than anticipated. At a time when our industry is busy adjusting its expectations, a 73 percent increase in revenue is a very respectable number. We’re also very pleased with the four-fold increase in the number of presses sold to international customers. This reflects the quality and performance of our growing international distribution and service base.”
Aquaflex introduced the new ELS-D series as a variant to their popular ELS Servo platform at the 2008 Labelexpo Americas. The ELS-D added sleeved technology and greater automation to the line.
“In the few years since F.L. Smithe acquired Aquaflex, the infusion of advanced technology into the line has been dramatic,” Rosenbaum says. “Our ability to customize our presses to match our customers’ specific needs has been key to our growth.”