UFP Technologies acquires AJR Enterprises for $110M; finances with new $275M credit facility

UFP TECHNOLOGIES INC

Purchase price $110M cash; AJR generated ~$75M sales and ~$18.3M adjusted EBITDA TTM ended Mar 31, 2024.
AJR is a medical device contract manufacturer specializing in single-use safe patient handling devices.
Transaction financed under new $275M credit agreement ($125M term loan + $150M revolver), maturing 2029.
At close, $115M term loan and $35M revolver drawn; $114M revolver availability remains.
Credit facility interest at SOFR + 1.25%-2.25% based on leverage ratio.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.