ProMach acquired Etiflex, a producer of pressure-sensitive and RFID labels.
The addition of Etiflex further expands ProMach’s labeling and coding capabilities throughout North America and represents the company’s first acquisition in the Mexican market. Founded in 1981 in Mexico City, Etiflex is a converter in Mexico for variable information-printed labels, tickets, and RFID labeling. The company has an extensive portfolio of label converting solutions that serve a broad range of industries, including food & beverage, textile, automotive, personal care, cosmetics, pharmaceutical, and retail & logistics.
“We are pleased to welcome the Etiflex team to ProMach,” said Mark Anderson, ProMach President and CEO. “Their addition to our business continues the expansion of our label converting capabilities, and it significantly extends our ability to offer a complete portfolio of labeling equipment solutions beyond our existing markets in the United States and Canada.”
Anderson continued: “This acquisition truly supports our commitment to provide best-in-class labeling and coding solutions and support from a partner that is geographically close to our customers, wherever they are located throughout North America.”
Sergio Shor and Ari Vonderwalde, co-director generals of Etiflex, will continue leading the Etiflex team. Shor will serve as vice president and General Manager, and Vonderwalde will assume the role of vice president of operations. “Joining ProMach’s Labeling & Coding group is an exciting opportunity to continue and expand our original vision that has guided us for over 40 years”, said Shor and Vonderwalde. “Our philosophy has always been rooted in being a true business partner with strong employee connections and development. We are also proud of our long-standing relationships with our customers and suppliers, and this opportunity will reinforce that effort."
