m_and_a
confidence high
sentiment positive
materiality 0.60
UFP Technologies acquires UNIPEC ($7.5M) and TPI ($4.5M) to expand medical device film and molding capabilities
UFP TECHNOLOGIES INC
- UNIPEC acquired for $7.5M cash; ~3.75x adj. EBITDA; $5M revenue, $2M EBITDA.
- TPI acquired for $4.5M cash; ~4.5x adj. EBITDA; $10M revenue, $1M EBITDA.
- Acquisitions expand thin film (UNIPEC) and thermoplastic molding (TPI) capabilities for implantable and surgical devices.
- Funded with available cash and borrowings under existing credit facility.
- Both companies serve Class III implantable medical device OEMs.
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