Añasco, PR – July 2025 – Injection molder Techno Plastics Industries, Inc. of Añasco, PR (“TPI”) has been acquired by medical supplier UFP Technologies, Inc. of Newburyport, MA.
TPI is a specialty manufacturer of precision thermoplastic injection-molded components. “TPI brings deep expertise in engineering, tooling, and molding of medical device components and services a number of existing UFP clients.,” Jeffrey Bailly, chairman and CEO of UFP Technologies, said. “TPI is a strong strategic fit that bolsters our thermoplastic molding capabilities.”
UFP Technologies is a designer and custom manufacturer of comprehensive solutions for medical devices, sterile packaging, and other highly engineered custom products. The Company’s single-use and single-patient devices and components are used in a wide range of medical devices and packaging for minimally invasive surgery, infection prevention, wound care, wearables, orthopedic soft goods, and orthopedic implants.
Plastics-focused investment banking firm MBS Advisors of Florence, MA represented TPI in the transaction.
Excerpts from above were taken from a recent Plastics News article and UFP’s press release.