Ufp Technologies (UFPT) just unveiled an announcement.
UFP Technologies, Inc. has successfully acquired AQF Medical, a prominent Irish manufacturer of custom foam and thermoplastic components, for €43.0 million. The purchase price reflects approximately 12.3 times AQF Medical’s adjusted EBITDA for the preceding year. This strategic move, announced in a press release on August 26, 2024, aims to enhance UFP’s standing in the medical component manufacturing sector while cautioning investors about the forward-looking statements and their associated risks.
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