GEORGETOWN, Mass. (Jan. 22, 2008) — U.S. packaging group UFP Technologies Inc. has bought Stephenson & Lawyer Inc., a maker of foam plastic products that specializes in technical polyurethane foams.
S&L´s expertise is complementary to UFP, which works primarily with polyethylene foams. S&L had sales of about $13 million in 2007, said Georgetown-based UFP.
Jeffrey Bailly, chairman, CEO and president of UFP, said S&L´s 250,000-sq.-ft. factory in Grand Rapids, Mich., adds significantly to the firm´s manufacturing capabilities. The combined operations can provide a broader range of solutions to UFP´s growing customer base and unlock S&L´s growth potential, he said.
UFP primarily serves the automotive, computers and electronics, medical, aerospace and defense, consumer and industrial markets.