---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-003738"
form_type: "8-K"
ticker: "UFPT"
cik: "0000914156"
company_name: "UFP TECHNOLOGIES INC"
filed_at: "2024-07-01T23:59:59+00:00"
generated_at: "2026-06-01T00:21:49.697080+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001171843-24-003738
- form_type: 8-K
- ticker: UFPT
- cik: 0000914156
- company_name: UFP TECHNOLOGIES INC
- filed_at: 2024-07-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/914156/000117184324003738/0001171843-24-003738-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/914156/000117184324003738/f8k_070124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-003738
- JSON: https://secwatch.observer/filing/0001171843-24-003738.json
- Plain text: https://secwatch.observer/filing/0001171843-24-003738.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.