Ufp Technologies (UFPT) has provided an announcement.
UFP Technologies, Inc. has finalized its purchase of AJR Enterprises, LLC for $110 million, a move that significantly strengthens its position in the medical device manufacturing sector, particularly in the single-use patient handling devices market. To finance this acquisition and other corporate purposes, UFP secured a $275 million credit facility, with flexible borrowing options and interest rates tied to company performance. AJR, a company with a strong sales record and a promising financial outlook, is expected to enhance UFP’s product offerings and market reach.
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