UFP Technologies, Inc. acquired Advant Medical Limited for $24 million.
March 16, 2022
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UFP Technologies, Inc. (NasdaqCM:UFPT) acquired Advant Medical Limited for $21.2 million on March 16, 2022.
UFP Technologies, Inc. (NasdaqCM:UFPT) completed the acquisition of Advant Medical Limited for $24 million on March 16, 2022. As part of the acquisition, UFP Technologies Cash paid at closing $23.61 million, assumed liability of $0.395 million and cash acquired $2.84 million. Connor Manning, Brian O'Rourke, Kevin Lynch, Cian Beecher and Ailish Finnerty of Arthur Cox LLP acted as legal advisors to UFP Technologies, Inc.
UFP Technologies, Inc. is a designer and custom manufacturer of comprehensive solutions for medical devices, sterile packaging, and other engineered custom products. The Companyâs single-use and single-patient devices and components are used in a range of medical devices and packaging for minimally invasive surgery, infection prevention, surfaces and support, wound care, wearables, orthopedic soft goods, and orthopedic implants. The Company is diversified by also providing engineered products and components to customers in the automotive, aerospace and defense, and industrial/other markets. Typical applications of its products include military uniform and gear components, automotive interior trim, air filtration, and protective cases and inserts. It also engineersâ components for automotive use, such as interior trim and structural applications. These components are produced using a compression molding process to create functional composites consisting of various materials.
UFP TECHNOLOGIES, INC. 
