UFP Technologies, Inc. (NasdaqCM:UFPT) is looking for acquisitions. R. Jeffrey Bailly, Chairman & Chief Executive Officer said during the Updates on Record First Quarter Results, "We also have an exciting pipeline of active acquisition opportunities, with multiple projects already in the due diligence phase," Bailly said. "Given this, combined with our continued growth, progress on strategic initiatives, and strong balance sheet with only around $34 million in debt, I remain very bullish about our future".