UFP Technologies Acquires AQF Medical
26 Agosto 2024 - 10:00AM
UFP Technologies, Inc. (Nasdaq: UFPT), a designer and custom
manufacturer of comprehensive solutions for medical devices,
sterile packaging, and other highly engineered custom products,
today announced the acquisition of AQF Limited (“AQF Medical”).
Headquartered in Navan, Ireland with additional joint venture
operations in Singapore, AQF Medical develops and manufactures
custom-engineered foam and thermoplastic components used in a wide
range of medical devices and packaging.
“We are excited about the addition of AQF
Medical, our fourth acquisition in the past few months,” said R.
Jeffrey Bailly, Chairman and CEO of UFP Technologies. “AQF Medical,
with their excellent leadership team and strong reputation, brings
significant value to our MedTech platform. Their expertise in
converting specialty foams and films, and their strategically
located factory for the MedTech market, give us the expanded
European manufacturing presence our clients have requested and
their joint venture facility in Singapore will enable us to support
the Asian market locally.”
“We have a deep understanding of their processes
and materials as our companies have served similar segments and
applications for years,” continued Bailly. “In addition, we share
numerous clients and their talented leadership team will be
instrumental in continuing our international growth.”
“We are extremely pleased to join the UFP family
and look forward to working together to create new opportunities
that will be mutually beneficial to our worldwide client base,”
said Seamus Fagan, Managing Director, AQF Medical. “UFP’s
engineering capabilities will enhance our offering to existing
customers, and we anticipate that our local knowledge will enable
us to identify new clients in both Europe and Asia. We have long
admired the UFP growth story, and we look forward to being an
integral part of their ongoing journey.”
About UFP Technologies,
Inc.
UFP Technologies is a designer and custom
manufacturer of comprehensive solutions for medical devices,
sterile packaging, and other highly engineered custom products. UFP
is an important link in the medical device supply chain and a
valued outsource partner to most of the top medical device
manufacturers in the world. The Company’s single-use and
single-patient devices and components are used in a wide range of
medical devices and packaging for minimally invasive surgery,
infection prevention, wound care, wearables, orthopedic soft goods,
and orthopedic implants.
Forward Looking Statements
This press release contains statements relating
to expected financial performance and/or future business prospects,
events, and plans that are forward-looking statements. Such
statements include but are not limited to: the anticipated effects
on us of acquiring AQF Medical; anticipated trends in the different
markets in which we compete and expectations regarding customer
demand; expectations regarding our business opportunities; and
statements about our growth potential and strategies for growth.
Investors are cautioned that such forward-looking statements
involve risks and uncertainties that could adversely affect our
business and prospects, and otherwise cause actual results to
differ materially from those anticipated by such forward-looking
statements, including the risks that the Company will not realize
the anticipated benefits of the acquisition of AQF Medical due to
the inability of the Company to execute its business strategy, AQF
Medical integration strategy or otherwise as well as other risks
and uncertainties that are detailed in the documents we file with
the SEC. Accordingly, actual results may differ materially. Readers
are referred to the documents we file with the SEC, specifically
the last report on Form 10-K. The forward-looking statements
contained herein speak only of our expectations as of the date of
this press release. We expressly disclaim any obligation or
undertaking to release publicly any updates or revisions to any
such statement to reflect any change in our expectations or any
change in events, conditions, or circumstances on which any such
statement is based.
Contact: Ron Lataille978-234-0926,
rlataille@ufpt.com
Ufp Technologies (NASDAQ:UFPT)
Gráfico Histórico do Ativo
De Ago 2024 até Set 2024
Ufp Technologies (NASDAQ:UFPT)
Gráfico Histórico do Ativo
De Set 2023 até Set 2024