UFP Technologies buys Packaging Alternatives

Published: January 3, 2013 6:00 am ET

Related to this story

Topics Packaging, Medical, Mergers & Acquisitions

GEORGETOWN, MASS. (Jan. 3, 11:10 a.m. ET) — UFP Technologies Inc., a maker of custom packaging and specialty component products, has acquired Packaging Alternatives Corp.

Packaging Alternatives, located in Costa Mesa, Calif., is a full service designer, converter and distributor of foam plastic products, specializing in technical polyurethane foam for the medical market. The company had sales of approximately $10 million in 2011, according to a news release.

The acquisition will expand UFP’s medical business and improve the company’s covereage of the Western U.S., said R. Jeffrey Bailly, UFP’s chairman, CEO and president, in the release.

UFP, based in Georgetown, designs and manufactures its products using foams, plastics, composites and natural fiber materials. The company had annual sales of $127.2 million in 2011.


Comments

UFP Technologies buys Packaging Alternatives

Published: January 3, 2013 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Amcor unveils hot-fill PET jars that accept metal lug closures

December 17, 2014 8:47 am ET

Amcor Rigid Plastics has developed hot-fill PET jars that accept metal lug closures — which the company claims is a first for food packaging.    More

Image

UK recycler Eco Plastics sold to German investment group

December 12, 2014 11:19 am ET

Recycler Eco Plastics has been bought by Aurelius AG, a Grünwald, Germany-headquartered investment firm, for an undisclosed sum.    More

Image

Baxter expanding Arkansas medical products plant

December 11, 2014 5:50 pm ET

Medical major Baxter International Inc. is expanding its Mountain Home, Ark., medical device plant.    More

Image

Ohio's PTI offering PET services in Southeast Asia

December 11, 2014 12:31 pm ET

Plastic Technologies Inc. is partnering with Hemetek Techno Instruments of Mumbai, India, to provide PET package evaluation services in Southeast...    More

Image

Resin distributor Biesterfeld Plastic buys out partner in Biesterfeld Nordic

December 11, 2014 12:21 pm ET

Hamburg, Germany-based Biesterfeld Plastic GmbH, a distributor for the European plastic and rubber industry, announced that it has bought the shares o...    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events