Jabil completes Nypro acquisition

By Bill Bregar
Senior Staff Reporter

Published: July 1, 2013 4:17 pm ET
Updated: July 1, 2013 4:20 pm ET

Related to this story

Topics Medical Mergers & Acquisitions Injection Molding Molds/Tooling
Companies & Associations Nypro Inc.

Jabil Circuit Inc. has completed its acquisition of Nypro Inc., according to a July 1 announcement by Jabil, the contract manufacturer in St. Petersburg, Fla.

The companies announced the agreement in February. Jabil bought Nypro from about 2,000 employees who were members of the plastics processor’s Employee Stock Ownership Plan.

A total of about 10,000 Nypro employees around the world will become Jabil employees.

Jabil paid $665 million to buy Nypro. Jabil officials expect the transaction to be accretive to earnings per shape in the company’s fiscal year 2014, which begins Sept. 1, 2013.

The Nypro acquisition is expected to bolster Jabil’s position in key markets, such as healthcare, and expand the market in packaging for customers in the food and beverage, household and personal care industries. The consumer electronics portion of Nypro will be integrated into Jabil’s Materials Technology Services.

Courtney Ryan, Jabil’s senior vice president, will run the business from the current Nypro headquarters in Clinton, Mass.

In other news, Greg Adams has left Nypro, where he served as chief financial officer and a member of the board of directors, to become CEO of Tenere Inc., a Dresser, Wis.-based injection molder that designs and manufactures plastic and metal components.


Comments

Jabil completes Nypro acquisition

By Bill Bregar
Senior Staff Reporter

Published: July 1, 2013 4:17 pm ET
Updated: July 1, 2013 4:20 pm ET

Post Your Comments


Back to story


More stories

Image

TPUs finding applications in drug-delivery applications

March 30, 2015 12:56 pm ET

Lubrizol Corp. is sending its thermoplastic polyurethane products into medical products, foam and film.    More

Image

Eastman Chemical expanding Tritan co-polyester capacity

March 27, 2015 10:00 am ET

Eastman Chemical Co.'s Tritan-brand co-polyester business continues to grow, with 35 million pounds of capacity added late last year and a second...    More

Image

Getting a real feel for how 'vinyl saves lives'

March 27, 2015 6:00 am ET

While I'm certainly not shipping off to Africa anytime soon, I got a taste of what medical professionals go through in the fight against Ebola and...    More

Image

Flextronics launches global injection molding, tooling unit

March 26, 2015 4:29 pm ET

Flextronics International Ltd. (Booth S34125) is officially launching Precision Plastics, a global injection tooling and manufacturing unit, as a...    More

Image

Intertech Medical adding presses, people

March 23, 2015 3:28 pm ET

Colorado's Intertech Medical has added five new injection molding presses and expects to add up to another four machines to keep up with a growth in s...    More

Market Reports

Trends in Resin Distribution

The growth of the North American resin distribution market is undeniable - and industry analysts are confident that growth will continue in 2015 and beyond.

This new report analyzes market trends and provides data on historical sales trends for PE (distribution and resellers), PolyOne Distribution figures, U.S. ethylene expansions based on shale gas and natural gas production by category to 2035.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events