UFP Technologies

UFP Technologies, Inc. is a multinational company based in Newburyport, Massachusetts, specializing in custom-engineered components and specialty packaging. Founded in 1963, the company has evolved from producing protective packaging for electronics to offering a wide range of products made from foams, plastics, composites, and natural fibers. UFP Technologies operates 11 facilities globally and is known for its expertise in design engineering, precision manufacturing, and supply chain management. The company primarily serves the medical market, which accounts for over 90% of its revenue, providing medical devices, sterile packaging, and protective solutions. UFP Technologies also caters to the automotive, aerospace, defense, consumer, and electronics sectors. With a focus on high-margin medical devices, the company has achieved significant growth through strategic acquisitions and organic expansion, reaching $504.4 million in revenue recently.