secwatch.observer — SEC 8-K summary
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Issuer:     UFP TECHNOLOGIES INC (UFPT)
CIK:        0000914156
Form:       8-K
Filed at:   2024-07-16T23:59:59+00:00
Accession:  0001171843-24-003980
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UFP Technologies completes two bolt-on acquisitions: Welch Fluorocarbon ($34.6M) and Marble Medical ($4.5M)
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/914156/000117184324003980/0001171843-24-003980-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/914156/000117184324003980/f8k_071624.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-003980

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer