M&A Deal Summary

CKF Acquires MFT-CKF

On July 27, 2022, CKF acquired packaging company MFT-CKF from UFP Technologies for 32M USD

Acquisition Highlights
  • This is CKF’s 1st transaction in the Packaging sector.
  • This is CKF’s largest (disclosed) transaction.
  • This is CKF’s 1st transaction in the United States.
  • This is CKF’s 1st transaction in Iowa.

M&A Deal Summary
Date 2022-07-27
Target MFT-CKF
Sector Packaging
Buyer(s) CKF
Sellers(s) UFP Technologies
Deal Type Divestiture
Deal Value 32M USD

Target

MFT-CKF

Clinton, Iowa, United States
website
MFT-CKF is a provider in the development of molded pulp packaging using only water and recycled newspaper. MFT-CKF was formed in 1991 and is based in Clinton, Iowa.

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Buyer(S) 1

Buyer

CKF

Langley, British Columbia, Canada

website

Category Company
Founded 1933
Sector Packaging
DESCRIPTION

CKF is a manufacturer of food service, disposable tableware, and food packaging products. CKF was founded in 1933 and is based in Langley, British Columbia.

DEAL STATS #
Overall 1 of 1
Sector (Packaging) 1 of 1
Type (Divestiture) 1 of 1
State (Iowa) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

UFP Technologies

Newburyport, Massachusetts, United States

website

Category Company
Founded 1963
Sector Packaging
Employees860
Revenue 206M USD (2021)
DESCRIPTION

UFP Technologies is a producer and marketer of specialty packaging products and solutions to medical, automotive, aerospace and defense, and packaging markets in the United States. UFP Technologies was founded in 1963 and is based in Newburyport, Massachusetts.

DEAL STATS #
Overall 1 of 1
Sector (Packaging) 1 of 1
Type (Divestiture) 1 of 1
State (Iowa) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-17 Advant Medical

Galway, Ireland

Advant Medical is a developer and manufacturer of Class I, II, and III medical devices and packaging. Advant Medical was founded in 1993 and is based in Galway, Ireland.

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