Company: UFPT
Filing Date: 2025-07-17
Form Type: 8-K
Source: 0001171843-25-004519
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Company: UFP TECHNOLOGIES INC
Filing Date: 2025-07-17
Form: 8-K
Item: Item 7.01
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Item 7.01. Regulation FD Disclosure.

UNIPEC Acquisition

Pursuant to the terms of a Stock Purchase Agreement, dated as of July 2, 2025 (the “ UNIPEC Purchase Agreement”), by and among UNIPEC, Incorporated (“ UNIPEC”), the sole stockholder of UNIPEC, Brandt Berghers (the “ Seller”), and UFP Technologies, Inc. (“ UFP” or the “ Company”), UFP purchased from the Seller all of the issued and outstanding shares of UNIPEC. Founded in 1964 with annual sales of approximately $5 million and headquartered in Rockville, Maryland, UNIPEC develops and manufactures precision thermoformed and heat-sealed polymer components used primarily for shielding batteries in Class III implantable medical devices.

The UNIPEC shares were acquired for an aggregate purchase price of $7.5 million in cash. The aggregate purchase price at closing was approximately 3.75 times the UNIPEC adjusted net income before interest, taxes, depreciation and amortization (adjusted EBITDA, which is a non-GAAP financial measure). A portion of the purchase price is being held in escrow to indemnify the Company against certain claims, losses and liabilities.

The UNIPEC Purchase Agreement contains customary representations, warranties, indemnities and covenants customary for transactions of this type.

TPI Acquisition

Pursuant to the terms of a Securities Purchase Agreement, dated as of July 7, 2025 (the “ TPI Purchase Agreement”), by and among Techno Plastics Industries, Inc. (“ TPI”), the stockholders of TPI, Marta G. Lopez Tous, Benito Diaz Alemany, Miriam Amely Ramos, Miguel A. Perez Lopez, Ana E. Montalvo Rodríguez, Maria M. Emanuelli Fernandez, Maria C. Chamoun Emanuelli, Diana T. Chamoun Emanuelli, and Ana M. Chamoun Emanuelli, individually and Maria C. Chamoun Emanuelli, as the sellers’ representative (collectively the “ Sellers”), and UFP, UFP purchased from the Sellers all of the issued and outstanding shares of TPI. Founded in 1988 and headquartered in Anasco, Puerto Rico with annual sales of approximately $10 million, TPI is a specialty manufacturer of precision thermoplastic injection-molded components.

The TPI shares were acquired for an aggregate purchase price of $4.5 million in cash.