M&A
confidence high
sentiment neutral
materiality 0.55
UFP Technologies completes two bolt-on acquisitions: Welch Fluorocarbon ($34.6M) and Marble Medical ($4.5M)
UFP TECHNOLOGIES INC
- Welch Fluorocarbon acquired for $34.6M cash plus up to $6M earnout based on 2024-2026 EBITDA targets; ~11.5x adjusted EBITDA.
- Marble Medical acquired for $4.5M cash plus up to $0.5M earnout based on 2024-2025 sales targets; ~4.5x adjusted EBITDA.
- Welch has ~$15M annual sales; specializes in thin-film thermoformed implantable medical device components.
- Marble has ~$5M annual sales; specializes in adhesive-based medical components and single-use devices.
- Both acquisitions closed July 16, 2024; expand MedTech product capabilities in thin films and adhesives.