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UFP Technologies completes acquisition of AJR Enterprises to enhance patient surfaces portfolio

PUBLIC · UFPTJul 01, 2024

Acquiring Company

UFP Technologies

Acquired Company

AJR Enterprises

NewburyportSt. CharlesManufacturingManufacturing

Description

UFP Technologies, Inc. has acquired AJR Enterprises, LLC, a company specializing in the development and manufacturing of single-use safe patient handling systems. This strategic acquisition aims to expand UFP's capabilities and locations, providing a comprehensive suite of development, commercialization, and manufacturing services for the growing market of safe patient handling.

Quick answer

UFP Technologies is acquiring AJR Enterprises, announced July 1, 2024. UFP Technologies is based in Newburyport, Massachusetts, United States.

How much did UFP Technologies pay for AJR Enterprises?
The deal value was not disclosed.
What does UFP Technologies do?
UFP Technologies is an innovative designer and custom manufacturer of components, subassemblies, products, and packaging primarily for the medical market.
Where are UFP Technologies and AJR Enterprises based?
UFP Technologies is based in Newburyport, Massachusetts, United States. AJR Enterprises is based in St. Charles, Missouri, United States.
Who are the decision-makers at UFP Technologies?
Fundz holds 1 contact at UFP Technologies. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

UFP Technologies

Location

Newburyport, Massachusetts, United States

About

UFP Technologies is an innovative designer and custom manufacturer of components, subassemblies, products, and packaging primarily for the medical market. Utilizing highly specialized foams, films, and plastics, we convert raw materials through laminating, molding, radio frequency welding, and fabricating techniques. We are diversified by also providing highly engineered solutions to customers in the aerospace & defense, automotive, consumer, electronics, and industrial markets. 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 DAS Medical, Inc.; 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, 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.

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Frequently asked

Who acquired AJR Enterprises?

AJR Enterprises was acquired by UFP Technologies, based in Newburyport. The deal was reported on July 1, 2024. UFP Technologies is an innovative designer and custom manufacturer of components, subassemblies, products, and packaging primarily for the medical market. UFP Technologies is publicly traded (UFPT) and operates in Manufacturing.

When did UFP Technologies acquire AJR Enterprises?

UFP Technologies's acquisition of AJR Enterprises was reported on July 1, 2024. UFP Technologies, Inc. has acquired AJR Enterprises, LLC, a company specializing in the development and manufacturing of single-use safe patient handling systems. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does AJR Enterprises do?

AJR Enterprises, LLC is a leading contract manufacturer of superior medical devices and advanced manufacturing solutions within the medical device industry. Headquarters and manufacturing are located at our 180,000 square foot facility in St. It is privately held, operating in Manufacturing, and is based in St. Charles.

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