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Article: UFP Technologies Acquires Selected Assets of Advanced Materials Group.
- Article from:
- Medical Letter on the CDC & FDA
- Article date:
- September 27, 2009
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UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, announced that it has purchased certain assets of Advanced Materials Group ("AMI") in Rancho Dominguez, California. AMI, a foam fabricator serving the medical market, filed for relief under Chapter 11 of the United States Bankruptcy Code on July 2, 2009. UFP's purchase of selected assets of AMI was approved by the Bankruptcy Court on September 2, 2009 (see also UFP Technologies, Inc.).
"We are very pleased with this transaction," said R. Jeffrey Bailly, Chairman & CEO of UFP Technologies. "With its ISO 13485 Quality Certification, FDA certification, and clean room ...