UFP Technologies, a designer and custom manufacturer of solutions for medical devices, sterile packaging, and engineered custom products, has acquired Universal Plastics & Engineering Company (UNIPEC) and Techno Plastics Industries (TPI).

These deals were financed with available cash and borrowings under UFP’s existing credit facility, the company said.

UNIPEC, based in Rockville, Md., develops and manufactures precision thermoformed and heat-sealed polymer components used mainly for shielding batteries in Class III implantable medical devices. UFP said it’s a strategic fit for its Welch Fluorocarbon operation, boosting its thin film platform and increasing scale of production for demanding implantable applications.

The company has about $5 million in revenue and $2 million in EBITDA.

“We are excited to welcome UNIPEC to our growing portfolio of high-performance film solutions,” said R. Jeffrey Bailly, chairman and CEO of UFP Technologies. “Their expertise in tight tolerance molding of specialty EMI shielding materials adds further strength to our implantable device offerings and complements Welch Fluorocarbon’s core capabilities.”

Anasco, Puerto Rico-based TPI is a specialty manufacturer of precision thermoplastic injection-molded components. The company brings expertise in engineering, tooling, and molding of medical device components and services a number of existing UFP clients, according to Bailly.

The company boasts about $10 million in revenue and $1 million in EBITDA.

“TPI is a strong strategic fit that bolsters our thermoplastic molding capabilities. They are strategically located near our DAS business in the Dominican Republic that utilizes a number of injection molded components in our robotic assisted surgery drape solutions,” said Bailly.