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Slide #63. UFP Technologies, Inc. — Packaging Alternatives Corporation
UFP Technologies, Inc. (NASDAQ:UFPT)
Packaging Alternatives Corporation
UFP Technologies, Inc., a manufacturer of packaging and specialty component products, today announced the acquisition of Packaging Alternatives Corporation ("PAC"). Founded in 1977 and located in Costa Mesa, California, PAC is a full service designer, converter, and distributor of foam plastic products, specializing in technical polyurethane foams principally for the medical market. Sales in 2011 were approximately $10 million.
UFP Technologies is a designer and custom manufacturer of components, subassemblies, products and packaging utilizing foams, films, and plastics primarily for the medical market. Co.'s single-use and single-patient devices and components are used in a range of medical devices, disposable wound care products, infection prevention, minimally invasive surgery, wearables, orthopedic soft goods, and orthopedic implant packaging. Co. also provides engineered products and components to customers in the automotive, aerospace and defense, consumer, electronics and industrial markets such as military uniform and gear components, automotive interior trim, and protective packaging, among other.
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Strong Buy (4.00 out of 4)
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