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Slide #63. UFP Technologies, Inc. — Packaging Alternatives Corporation
Acquirer:
UFP Technologies, Inc. (NASDAQ:UFPT)
Acquiree:
Packaging Alternatives Corporation
Details:
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 designs and manufactures components, subassemblies, products and packaging mainly for the medical market. Co.'s 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 products and components to customers in the automotive, aerospace and defense, consumer, electronics, and industrial markets. Applications of Co.'s products include military uniform and gear components, automotive interior trim, athletic padding, protective packaging, air filtration, abrasive nail files, and protective cases and inserts.
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Buy (3.33 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: UFPT Stock Forecast Based on Zacks ABR data; powered by Xignite |