UFP Technologies Inc

NASDAQ:UFPT

Business Description

Sector

Health Care

Industry

Health Care

Headquarters

United States of America US

Employees

4 846

IPO date

Dec 17, 1993

UFP Technologies makes custom-engineered packaging, protective packaging, and component parts from foam, plastic, and other specialty materials. It does not sell a single standard product line; instead, it works with customers to design and manufacture parts that fit specific shapes, performance needs, and handling requirements. Its products are used to protect, organize, cushion, or support items during use, shipping, and assembly.

The company serves customers in medical devices, healthcare, industrial markets, and some consumer applications. A large part of its business comes from medical customers that need clean, precise, and often single-use components for devices, trays, and packaging. UFP Technologies makes money by designing these custom parts and then selling the finished goods it manufactures, often as an ongoing supplier tied to a customer’s product program.

What makes its business model different is the custom, engineering-heavy role it plays in the supply chain. Customers often rely on UFP Technologies to turn a design idea into a manufacturable part and then produce it consistently over time. That makes the company less like a commodity materials seller and more like a specialized manufacturing partner embedded in its customers’ product development and production process.