# UFP Technologies UFP Technologies is an Asset Manager based in Newburyport, United States. ## Overview - **Organization type:** Asset Manager - **Headquarters:** Newburyport, United States - **Region:** North America - **Address:** Newburyport, MA, United States - **Founded:** 1993 - **Assets under management:** Undisclosed - **Website:** ufpt.com ## Regulatory record - **Reports private funds:** No ## About UFP Technologies went public in 1993 when CEO R. Jeffrey Bailly transformed a small foam packaging operation into a vertically integrated manufacturer. The firm operates from Newburyport, Massachusetts, and has always served as an operating company, not a portfolio manager — it generates revenue by moulding, laminating, and die-cutting advanced materials, rather than allocating third-party capital. The company deploys its balance sheet into production facilities and proprietary automation. Its products span three core categories: single-use sterile packaging for surgical kits, custom-engineered components embedded inside medical devices, and high-performance cases and inserts for defense electronics and semiconductor tooling. Confirmed end customers include Medtronic, Boston Scientific, and Intuitive Surgical (per the company's annual report, 2023). Its largest end market is medical, which accounts for roughly 85% of revenue, with the balance spread across aerospace and defense, automotive, and electronics. UFP operates more than a dozen manufacturing and design centers, predominantly in the United States, with additional capacity in Mexico and Costa Rica. Roughly 1,900 employees handle polymer chemistry, thermoforming, and cleanroom assembly under one corporate roof. In 2023 the firm completed the acquisition of AQF Medical (per company press release, October 2023), a deal that added advanced aqueous-based foam cleaning for orthopedic implants — a process explicitly required by several large orthopedic OEMs. The structural differentiator is verticality: UFP owns the design, tooling, and production under one roof. This gives medical-device customers a single chain of custody for sterile-barrier components, which shortens FDA validation cycles compared with multi-vendor supply chains. The firm is not a family office or allocator; it is a publicly listed manufacturer that competes with private converters like Prent Corporation and Sonoco's protective-solutions division. ## Sectors - Industrial Tech - Healthcare Services - Mobility & Transportation - Robotics & Automation ## People - R. Jeffrey Bailly — Chairman and Chief Executive Officer - Ronald J. Lataille — Chief Financial Officer ## Questions ### What exactly does UFP Technologies manufacture? UFP Technologies designs and produces custom foam, plastic, and textile components. Its three core product families are sterile medical-device packaging, single-patient-use consumables such as surgical positioning pads, and engineered protective cases for military electronics and semiconductor-manufacturing equipment. The firm's internal tooling and design teams allow it to move from concept to validated production without outsourcing key steps. ### Which end markets drive the majority of UFP Technologies' revenue? Medical devices account for approximately 85% of total revenue, per the firm's public filings. The balance comes from aerospace and defense, automotive, and electronics. Within medical, the largest sub-segments are robotic-surgery accessories, orthopedic-implant packaging, and single-use surgical-kit components. ### How does UFP Technologies' vertical-integration model affect its competitive position? UFP owns in-house design, toolmaking, thermoforming, and cleanroom assembly. A medical-device OEM can receive sterile-barrier packaging designed, tooled, and produced by a single entity, which simplifies FDA validation and eliminates hand-offs between design firms and contract converters. This model creates switching costs that private-label packaging competitors cannot easily replicate. ### Does UFP Technologies have manufacturing capacity outside the United States? Yes. While the majority of its facilities are in the United States, UFP also operates manufacturing and design centers in Mexico and Costa Rica. These locations serve medical-device and electronics customers with nearshore supply-chain requirements. ## Related profiles - [Weis Markets](https://altss.com/profile/weis-markets-inc) - [Kimbell Royalty Partners](https://altss.com/profile/kimbell-royalty-partners-lp) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/ufp-technologies-inc Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology