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UFP Technologies, custom manufacturer of components, subassemblies, products and packaging for medical and other markets, acquired Advant Medical. Founded in 1993 and headquartered in Galway, Ireland, with operations in Costa Rica and partner manufacturing in Mexico, Advant Medical is a developer and manufacturer of Class I, II and III medical devices and packaging.
“We are pleased to be joining forces with Advant, our third major acquisition in six months,” said R. Jeffrey Bailly, Chairman and CEO. “It’s an excellent cultural and strategic fit that increases our value to our growing medical customer base in several ways. Advant brings us medical product development and clean room manufacturing in Ireland, a key strategic geography to which we annually ship millions of dollars’ worth of product. It also adds in-house injection molding expertise to our list of capabilities. And it brings new customer relationships, product development opportunities, and a veteran team of professionals to UFP.”
Bob DiPetrillo, CEO of Advant Medical, said, “The combination of Advant and UFP is an excellent strategic partnership. The addition of UFP’s development engineers, product lines and resources expands our current portfolio and strengthens our ability to provide innovative solutions and services. With a shared commitment to growing within the Costa Rican, Irish and European MedTech sectors, the Advant Team looks forward to building on our combined strengths and continuing to offer our customers world-class medical device contract manufacturing.”
Source: UFP Technologies, Inc.
