UFP Technologies Acquires Selected Assets of
Foamade Industries, Inc.

Georgetown, Mass., March 12, 2009 -  UFP Technologies, Inc. (Nasdaq: UFPT), a manufacturer of packaging and component products, today announced that it has purchased certain assets of Foamade Industries, Inc., in Hillsdale, Michigan. UFP and Foamade are working to formulate a production agreement to potentially transfer these assets to UFP’s Grand Rapids, Michigan, facility in a way that minimizes disruption to customers.

"We are very pleased with this transaction,” said R. Jeffrey Bailly, Chairman & CEO of UFP Technologies. “Foamade’s two Hillsdale facilities would fit well within our Grand Rapids plant, which became part of UFP with our acquisition of Stephenson & Lawyer ("S&L") in January 2008.  The capabilities of Foamade and S&L are closely aligned. When combined, they will allow us to meet a greater range of customer needs in a highly efficient manner."

"I am particularly excited that Michael Egren, Foamade's CEO, will be joining UFP Technologies," Bailly continued. "With 35 years of experience and a great industry reputation, he will be extremely valuable in helping us grow our business."

Mr. Egren said he looks forward to working with UFP to provide his customers with the same outstanding parts and service they are used to receiving. “We share the same values of excellent customer service, high quality products, and absolute integrity in the way we do business,” said Mr. Egren. “I believe my current customers will be well served by this move, and our combined operation will be highly attractive to new customers as well.”

UFP Technologies is a leading designer and manufacturer of interior protective packaging solutions using molded fiber, vacuum-formed plastics, and molded and fabricated foam plastics. The Company also designs and manufactures engineered component solutions using laminating, molding, and fabricating technologies. The Company primarily serves the automotive, computers and electronics, medical, aerospace and defense, consumer, and industrial markets.

This news release contains forward-looking information that involves risks and uncertainties, including statements about the Company’s prospects, anticipated advantages the Company expects to realize from its acquisition and integration of the Foamade assets, the Company’s manufacturing capabilities, product offerings and growth potential, and the Company’s sales opportunities. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation risks associated with the identification of suitable acquisition candidates and the successful, efficient execution and integration of such acquisitions, including without limitation the acquisition of the Foamade assets, as well as other risks and uncertainties that are detailed in the documents filed by the Company with the SEC. Accordingly, actual results may differ materially. Readers are referred to the documents filed by the Company with the SEC, specifically the last reports on Forms 10-K and 10-Q. The forward-looking statements contained herein speak only of the Company’s expectations as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which any such statement is based.