UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer specializing in solutions for medical devices and packaging, announced the acquisition of AQF Medical. AQF Medical, based in Ireland and with joint ventures in Singapore, develops foam and thermoplastic components for medical devices. This marks UFP’s fourth acquisition in recent months, reflecting its strategic expansion in Europe and Asia. R. Jeffrey Bailly, CEO of UFP, highlighted the synergy between the companies and the significant potential for increased market presence and growth. Seamus Fagan, Managing Director of AQF Medical, expressed enthusiasm for the partnership, anticipating enhanced offerings and new client opportunities in Europe and Asia.
Medical Device Manufacturing, Mergers and Acquisitions,United States, Ireland, Singapore
https://www.globenewswire.com/news-release/2024/08/26/2935544/0/en/UFP-Technologies-Acquires-AQF-Medical.html