M&A Deal Summary

UFP Technologies Acquires AJR Enterprises

On July 1, 2024, UFP Technologies acquired manufacturer AJR Enterprises from AJR Group for 110M USD

Acquisition Highlights
  • This is UFP Technologies’ 1st transaction in the Manufacturing sector.
  • This is UFP Technologies’ largest (disclosed) transaction.
  • This is UFP Technologies’ 10th transaction in the United States.
  • This is UFP Technologies’ 1st transaction in Illinois.

M&A Deal Summary
Date 2024-07-01
Target AJR Enterprises
Sector Manufacturing
Buyer(s) UFP Technologies
Sellers(s) AJR Group
Deal Type Divestiture
Deal Value 110M USD

Target

AJR Enterprises

St. Charles, Illinois, United States
AJR Enterprises develops and manufactures single-use safe patient handling systems.

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Buyer(S) 1

Buyer

UFP Technologies

Newburyport, Massachusetts, United States
Category Company
Founded 1963
Sector Packaging
Employees3,093
Revenue 400M USD (2023)
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 11 of 14
Sector (Manufacturing) 1 of 3
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 10 of 12
Year (2024) 1 of 4
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-27 MFT-CKF

Clinton, Iowa, United States

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.

Sell $32M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-16 Marble Medical

Tallahassee, Florida, United States

Marble Medical provides custom development and manufacturing services for full product development, from early-stage concepts to full-scale manufacturing. Marble Medical was founded in 1988 and is headquartered in Tallahassee, Florida.

Buy -

Seller(S) 1

SELLER

AJR Group

St. Charles, Illinois, United States
Category Company
Founded 1997
Sector Manufacturing
DESCRIPTION

AJR Group produces quality manufactured goods through constant innovation in manufacturing and by empowering our workforce to supply products that our customers can source with confidence and trust. AJR Group was formed in 1997 and is headquartered in St. Charles, Illinois.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
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