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UFP Technologies, Inc. completes acquisition of Marble Medical to expand medical device solutions

PUBLIC · UFPTJul 16, 2024

Acquiring Company

UFP Technologies

Acquired Company

Marble Medical

NewburyportTallahasseeManufacturingManufacturingBiotechnologyHealth CareMedical Device

Description

UFP Technologies, Inc., a designer and custom manufacturer of comprehensive solutions for medical devices, sterile packaging, and other highly engineered custom products, has announced the strategic acquisition of Marble Medical. This acquisition is a great complement to UFP Technologies' surgical robot drapes and stick-to-skin device platforms, adding value to its client base with an expanded range of materials and capabilities.

Quick answer

UFP Technologies is acquiring Marble Medical, announced July 16, 2024. UFP Technologies is based in Newburyport, Massachusetts, United States.

How much did UFP Technologies pay for Marble Medical?
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 Marble Medical based?
UFP Technologies is based in Newburyport, Massachusetts, United States. Marble Medical is based in Tallahassee, Florida, 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.

Other recent acquisitions in Medical Device and Manufacturing

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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 Marble Medical?

Marble Medical was acquired by UFP Technologies, based in Newburyport. The deal was reported on July 16, 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 Marble Medical?

UFP Technologies's acquisition of Marble Medical was reported on July 16, 2024. UFP Technologies, Inc., a designer and custom manufacturer of comprehensive solutions for medical devices, sterile packaging, and other highly engineered custom products, has announced the strategic acquisition of Marble Medical. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Marble Medical do?

Marble Medical is a company founded in 1988 and headquartered in Tallahassee, FL. It develops and manufactures adhesive-based medical components and single-use devices. It is privately held, operating in Manufacturing, and is based in Tallahassee.

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