UFP Technologies

What UFP Technologies does

UFP Technologies, Inc. is a publicly traded (NASDAQ: UFPT) contract development and manufacturing organization (CDMO) founded in 1963 and headquartered in Newburyport, Massachusetts. The company designs, engineers, and manufactures single-use and single-patient medical devices, sterile packaging, and highly engineered custom components for medical device OEMs and industrial customers. It operates two reportable segments: UFP MedTech, which serves robotic surgery, patient surfaces and support, interventional/surgical, infection control, wound care, and wearables end markets; and Advanced Components, which supplies aerospace, defense, automotive, and industrial customers with acoustic/thermal insulation, fluid and air management, comfort/support, and trim/structural components.

The company's technology base spans precision foam fabrication (reticulated polyurethane, cross-linked polyethylene), thin film thermoforming for implantable devices, thermoplastic injection molding, compression molding, and cleanroom manufacturing across ISO 13485- and FDA-registered facilities. Proprietary capabilities include the patent-pending FirmaLite composite load floors, thin film thermoforming (Welch Fluorocarbon), and 72-hour rapid prototyping. Revenue is generated primarily through project-based, multi-year CDMO engagements with medical device OEMs, priced per quote based on volume, complexity, and specifications. Distribution is direct to enterprise OEMs with no channel intermediaries, supported by industry trade shows (MD&M West, Interphex, Foam Expo) and investor relations activity.

Financially, UFP generated $602.8M in revenue in 2025 (+19.5% YoY), with medical sales of $555.3M (92% of total) and Advanced Components at $47.5M. The company has nearly tripled revenue since 2021, driven by an aggressive acquisition cadence of 15+ deals, most recently Welch Fluorocarbon, AJR Enterprises, AQF Medical, UNIPEC, and TPI. Adjusted operating margin reached 16.7% in Q1 2026 with a 28.8% gross margin. Global operations span 20+ facilities in the U.S., Puerto Rico, Dominican Republic, Costa Rica, Ireland, Mexico, and Singapore, with the Intuitive Surgical robotic-surgery supply agreement extended through 2029. A planned CEO transition from R. Jeffrey Bailly to Mitchell Rock became effective June 4, 2026.

Name

UFP Technologies

Legal name

UFP Technologies, Inc.

Website

https://ufpt.com

Company type

Public

Founded year

1963

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

UFP Technologies is a publicly traded CDMO that designs and manufactures single-use medical devices, sterile packaging, and engineered custom components for medical device OEMs and aerospace, defense, and automotive customers, operating across more than 20 facilities in the U.S., Puerto Rico, Latin America, Ireland, Mexico, and Singapore.

Ownership category

akta.pro rank

Product category

Medical Device Contract Manufacturing

NAICS

Surgical Appliance and Supplies Manufacturing (339113), Medical Equipment and Supplies Manufacturing (33911)

SIC

Surgical & Medical Instruments & Apparatus (3841), Special Industry Machinery, Nec (3559)

akta.pro primary industry

Industrial Electronics Original Design Manufacturing (ODM) (IMAGAGAB)

Keywords

• Medical device manufacturing
• Sterile packaging solutions
• Contract development manufacturing
• Engineered foam components
• Thermoformed medical packaging

Headquarters

HQ city

Newburyport

HQ country

United States

HQ region

North America

Offices23 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Medical Device Manufacturing Services: UFP Technologies generates the majority of its revenue as a CDMO specializing in single-use and single-patient medical devices and sterile packaging. Revenue comes from design, development, and manufacturing services for medical device OEMs across segments including robotic surgery, patient surfaces, infection control, interventional/surgical, wound care, and wearables. The company operates on a project-based model with long-term customer relationships and contracts.
2. Advanced Components Manufacturing: Custom engineered components and packaging for aerospace, defense, automotive, and industrial applications. Includes acoustic and thermal insulation, fluid management, comfort/support/protection, trim and structural components, and protective packaging solutions.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

UFP Technologies is a contract development and manufacturing organisation that designs, engineers, and produces single-use and single-patient medical devices, sterile barrier packaging, and custom-engineered components made from foams, plastics, films, and moulded fibre. The company operates two segments — UFP MedTech and Advanced Components — serving medical device OEMs as well as aerospace, defence, automotive, and industrial customers with engineered product solutions.

Product overview

UFP Technologies operates as a contract development and manufacturing organization (CDMO) offering two primary business segments: UFP MedTech and Advanced Components. UFP MedTech provides single-use and single-patient medical device development and manufacturing services including design expertise, skilled engineering, material selection, rapid prototyping, full-scale production, and nearshore manufacturing. The MedTech segment serves interventional and surgical procedures, infection control, patient surfaces and support, diagnostics, therapeutics, wearables, and wound care markets. Advanced Components provides custom engineered components and packaging for aerospace, defense, automotive, and industrial applications, including protective cases, acoustic and thermal insulation, fluid and air management solutions, comfort and protection products, and trim and structural components. The company uses various materials including foams, films, plastics, nonwovens, fabrics, and composites, with manufacturing capabilities in compression molding, thermoplastic welding, vacuum forming, thin film thermoforming, injection molding, die cutting, CNC routing, water jet cutting, and lamination.

Differentiator

Problem solved

Functional benefit

Products and services

• Single-use and single-patient medical devices

Quantifiable outcome

• Revenue grew 19.5% to $602.8 million in 2025, with medical sales up 23.2%
• +3 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

13 partnerships are on record, tiered core.

• Intuitive SurgicalcoreStrategic or Co-development Partner · 1 February 2026Manufacturing supply agreement for robotic surgery draping systems and components, extended and expanded through December 31, 2029 with increased minimum volumes. This is a major strategic partnership providing multi-year revenue visibility for the company's robotic surgery business.
• UNIPEC (Universal Plastics & Engineering Company)coreStrategic or Co-development Partner · 17 July 2025Acquisition of UNIPEC headquartered in Rockville, MD - manufacturer of precision thermoformed and heat-sealed polymer components for shielding batteries in Class III implantable medical devices. Complements Welch Fluorocarbon operation.
• TPI (Techno Plastics Industries)coreStrategic or Co-development Partner · 17 July 2025Acquisition of TPI based in Anasco, Puerto Rico - specialty manufacturer of precision thermoplastic injection-molded components for medical devices. Strategically located near DAS business in Dominican Republic.
• AJR Specialty ProductscoreStrategic or Co-development Partner · 1 July 2025Acquisition of AJR Specialty Products of St. Charles, IL - sister company expanding cut and sew capabilities for patient surfaces and transfer devices.
• AJR Custom Foam ProductscoreStrategic or Co-development Partner · 1 July 2025Acquisition of AJR Custom Foam Products of St. Charles, IL - sister company expanding foam fabrication capabilities for patient handling products.
• AQF Medical (AQF Limited)coreStrategic or Co-development Partner · 26 August 2024Acquisition of Ireland and Singapore-based developer and manufacturer of foam and thermoplastic components for medical devices and packaging. Expands European and Asian manufacturing presence with operations in Navan, Ireland and Singapore.
• Marble MedicalcoreStrategic or Co-development Partner · 1 August 2024Acquisition of Marble Medical in Tallahassee, FL - manufacturer of adhesive-based medical components and single-use devices.
• Welch FluorocarboncoreStrategic or Co-development Partner · 16 July 2024Acquisition of Welch Fluorocarbon in Dover, NH - manufacturer of thermoformed implantable medical device components utilizing thin high-performance films. Enhances thin film thermoforming capabilities for demanding implantable applications.
• AJR EnterprisescoreStrategic or Co-development Partner · 1 July 2024Acquisition of AJR Enterprises of St. Charles, IL with manufacturing in Dominican Republic - developer and manufacturer of single-use safe patient handling systems. Generated approximately $70 million in sales in 2023.
• Advant MedicalcoreStrategic or Co-development Partner · 1 January 2022Acquisition of Advant Medical located in Galway, Ireland with operations in Costa Rica and partner manufacturing in Mexico - manufacturer of Class I, II, and III medical devices and packaging.
• DAS MedicalcoreStrategic or Co-development Partner · 1 January 2021Acquisition of DAS Medical in Atlanta, GA with manufacturing in Dominican Republic - medical device contract manufacturer specializing in single-use surgical equipment covers, robotic draping systems and fluid control pouches.
• Contech MedicalcoreStrategic or Co-development Partner · 1 January 2021Acquisition of Contech Medical in Providence, RI with partner manufacturing in Costa Rica - global leader in development and manufacture of Class III medical device packaging for catheters and guidewires.
• DielectricscoreStrategic or Co-development Partner · 1 January 2018Acquisition of Dielectrics in Chicopee, MA - medical device manufacturer using thermoplastic materials and innovator of the Reebok Pump.

Scale indicators24 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Integer Holdings Corporation: Integer Holdings is a publicly traded medical device contract development and manufacturing organization (CDMO) specializing in active implantable devices, interventional, and portable medical products. It is the most direct large-cap medical CDMO peer to UFP Technologies, competing for similar OEM customers with overlapping capabilities in design, prototyping, and manufacturing.
• SteriPack Group: SteriPack Group is a private contract manufacturer and packager specializing in sterile barrier packaging, medical device assembly, and kitting services. It is a closely comparable peer to UFP's Contech Medical and packaging-focused operations, serving medical OEMs with regulatory-compliant sterile packaging solutions.
• Heraeus Medical Components: Heraeus Medical Components, part of the Heraeus Group, is a contract manufacturer of components and subassemblies for active implantable medical devices, including leads, cables, and sensors. It competes with UFP's Welch Fluorocarbon and UNIPEC operations in thin film thermoforming and precision polymer components for Class III implantable devices.
• Biomerics: Biomerics is a private medical device contract manufacturer offering design, engineering, and manufacturing services across interventional, structural heart, and other implantable applications. It is a focused mid-market CDMO peer with comparable capabilities in polymer processing and single-use device manufacturing for medical OEMs.
• Resonetics: Resonetics is a private medical device contract manufacturer specializing in laser micromachining, nitinol processing, and thin-wall tubing for interventional and implantable devices. It is a closely comparable private peer with a similar focus on high-precision components and CDMO services for the same OEM customer base that UFP serves in its implantable device segment.
• Confluent Medical Technologies: Confluent Medical Technologies is a private medical device CDMO specializing in nitinol components, balloon catheters, and bioelectronic materials for medical device OEMs. It competes with UFP for OEM outsourcing relationships in implantable and interventional device manufacturing, with overlapping materials expertise and cleanroom manufacturing capabilities.

Broad incumbents

• Nipro Corporation: Nipro Corporation is a Japanese global medical device manufacturer with manufacturing operations including renal, interventional, and injection-molded medical components. It competes with UFP in select medical device manufacturing categories and offers comparable contract manufacturing services for OEMs seeking diversified geographic supply.
• Flex Ltd (Health Solutions): Flex Ltd is a global contract manufacturing giant with a Health Solutions business serving medical device, diagnostics, and pharmaceutical customers. While much larger and more diversified than UFP, Flex Health Solutions competes for the same medical OEM outsourcing programs that UFP targets, particularly in single-use devices and consumables.
• Nordson Corporation (Medical Segment): Nordson Corporation is a diversified precision technology company with a Medical segment offering fluid management, drug delivery, and medical component manufacturing solutions. While broader than UFP, Nordson's Medical segment (which includes the former Vention Medical assets) competes directly with UFP's single-use device and component manufacturing business for OEM customers.
• Jabil Inc. (Healthcare): Jabil Inc. is a global contract manufacturer with a Healthcare segment serving medical device, pharmaceutical, and consumer health customers with design, manufacturing, and supply chain services. It competes with UFP in medical device manufacturing services at the larger end of the market, leveraging global scale and broader capabilities than UFP's specialized niche.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/ufpt
• YouTubeyoutube.com/user/UFPTechnologies
• Facebookfacebook.com/ufptechnologies
• LinkedInlinkedin.com/company/ufp-technologies-inc-
• Instagraminstagram.com/ufptechnologies

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A15 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about UFP Technologies