UFP Technologies, Inc. (NASDAQ: UFPT) was founded in 1963 and is headquartered in Newburyport, Massachusetts, with 986 full-time employees. It is a company in the United States for medical, automotive, consumer, electronics, industrial, aviation and defense applications. Companies that provide design and conversion of foam, plastic, composite materials and natural fiber materials.
UFP Technologies, Inc. (UFPT):
UFP = U nited F oam P lastics, UFP Technologies is an innovative designer and custom manufacturer, mainly for the medical market using highly specialized foam, film and plastic to manufacture components, parts, products and packaging. UFP Technologies’ single-use and single-use devices and components can be used in a variety of medical devices, disposable wound care, infection prevention, minimally invasive surgery, wearable devices, plastic surgery flexible packaging and plastic surgery implant packaging.
UFP Technologies provides single-patient use surface, advanced wound care, infection prevention and surgical operations, endoscopic surgery, orthopedic implants, orthopedic devices, biopharmaceuticals and other disposable products; used in the automotive, aerospace and defense markets Molded parts; B2C brand recycled protective packaging; and reusable protective sleeves and custom inserts.
UFP Technologies’ diversified operations also provide highly engineered products and components for customers in the aerospace, defense, automotive, consumer, electronics and industrial markets. Typical applications include military uniforms and equipment parts, automotive interior parts, sports pads, environmental protection packaging, air filtration, nail files, protective sleeves and protective sleeves.
UFP Technologies uses direct sales personnel and independent manufacturer representatives to market and sell its products.
UFP Technologies, Inc. (UFPT) product:
UFP Technologies uses lamination, molding, radio frequency and pulse welding, and manufacturing technology to convert raw materials to manufacture its products. UFP Technologies is an important link in the medical equipment supply chain and a valuable outsourcing partner for many of the world’s top medical equipment manufacturers. The company’s disposable and single-use equipment and components are widely used in medical equipment, disposable wound care products, infection prevention, minimally invasive surgery, wearable devices, plastic surgery flexible packaging and plastic surgery implant packaging.
UFP Technologies’ diversified operations also provide highly engineered products and components for customers in the aerospace, defense, automotive, consumer, electronics and industrial markets. Typical applications include military uniforms and gear components, automotive interior parts, sports pads, environmental protection packaging, air filtration, nail files, and the use of multiple materials (such as foam (cross-linked polyethylene, mesh, melamine)) Protective boxes and inserts, specialty foams), woven and non-woven fabrics, molded pulp, plastics (hard, rubber, corrugated paper), natural fibers, films and adhesives.
UFP Technologies has also developed a series of standard products under trademarks and brands, including:
- FlexShield, a flexible thermoplastic polyurethane film used in medical packaging, components and product applications.
- BioShell, a revolutionary container system designed to protect disposable biopharmaceutical bags during storage, handling and transportation.
- T-Tubes are used to insulate tubes and tubes in clean room environments.
- Tri-Covers prevents particle migration and provides shock cushioning for the stainless steel tip.
- Controlclean, absorbent wipes used to clean surfaces in a controlled environment.
- Wine Packs, wine transportation solutions made from molded fibers.
- FirmaLite, a vehicle load floor made of a patented composite structure.
- Pro-Sticks, the sanitary solution for nail care services.
In 2014, UFP Technologies developed a customizable insulated shipping container for its BioShell Suspension Pack to protect disposable biopharmaceutical bags during storage, handling, and transportation.
UFP Technologies, Inc. (UFPT) History:
UFP Technologies (formerly known as United Packaging Corporation, United Packaging Corporation) was established in Woburn, Massachusetts by William H. Shaw, Robert W. Drew and Richard L. Bailly in 1963. In less than a year, the company expanded its operations and moved its factory headquarters to Georgetown, Massachusetts.
In 1967, the company changed its name to United Foam Plastics Corporation to reflect broader market capabilities.
On December 17, 1993, the company completed its initial public offering and officially changed its name to UFP Technologies, Inc.
UFP Technologies, Inc. (UFPT) acquires Baike:
In 1993, the company acquired Molded Fiber Technologies, which focused on recycling old newspapers into molded fiber packaging for light industrial products, electronic products, and health and beauty products.
On February 4, 1997, UFP Technologies acquired the assets of FCE Industries Inc., formerly known as Foam Cutting Engineers, a foam supplier for industrial and consumer applications.
In December 1998, UFP Technologies acquired Pacific Foam Inc., which is a manufacturer of specialized foam products for the health and beauty industries.
In 2000, UFP Technologies acquired Simco Industries Inc., a full-service provider of automotive trim parts.
In 2009, UFP Technologies acquired three companies: Advanced Materials Group, a foam manufacturer based in Rancho Dominguez, California; Foamade Industries Inc., a foam product and industrial machinery manufacturer ; And EN Murray, the company is a designer, processor and distributor of foam products, specializing in industrial polyurethane foam.
In January 2013, UFP Technologies acquired Packaging Alternatives Corporation, a full-service designer, converter and distributor of foam products, specializing in the production of polyurethane foam for medical use.
On February 2, 2018, UFP Technologies announced the acquisition of Dielectrics, Inc., headquartered in Chicopee, Massachusetts, which is a leader in the design, development, and manufacturing of medical devices using thermoplastic materials.
UFP Technologies, Inc. (UFPT) Investment:
- In September 2013, UFP Technologies spent approximately US$550,000 to build the sixth clean room, aiming to further expand into the medical device field.
- In August 2014, UFP Technologies expanded its operations in Georgetown, Massachusetts, adding clean rooms and high-capacity equipment to support the production of parts made of medical-grade thermoplastic polyurethane.
- In November 2014, UFP Technologies expanded its North American operations in molded fiber packaging at a new location in El Paso, Texas.
- In 2016, UFP Technologies moved its corporate headquarters from Georgetown, Massachusetts to Newburyport, Massachusetts.
- In 2019, Dielectrics, a subsidiary of UFP Technologies, was one of 36 recipients of grants from the Massachusetts Workforce Training Fund Program (Massachusetts Workforce Training Fund Program). The grant will be used to expand a skilled workforce and conduct operational excellence training in the production, engineering, R&D, quality, and maintenance fields of Chicopee, Massachusetts.