The Consumer Electronics portion of Nypro’s business will be integrated into Jabil’s Materials Technology Services.Jabil’s comprehensive design, manufacturing, supply chain and product management services leverage the power of over 200,000 people across 100 sites around the world, enabling innovation, growth and customer success in a broad range of industries. Jabil officials expect the transaction to be accretive to earnings per shape in the company's fiscal year 2014, which begins Sept. 1, 2013.Staying current is easy with Plastics News delivered straight to your inbox, free of charge.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.A total of about 10,000 Nypro employees around the world will become Jabil employees. The united team will work together to jointly market their integrated services.Jabil is an electronic product solutions company providing comprehensive electronics design, manufacturing and aftermarket product management services to global electronics and technology companies. Jabil has indicated that the transaction is expected to be accretive to earnings per share in its fiscal 2014, which begins September 1, 2013.ST. The consumer electronics portion of Nypro will be integrated into Jabil's Materials Technology Services. PETERSBURG, Fla.-- (BUSINESS WIRE)--Jabil Circuit, Inc. (NYSE: JBL) announced an agreement to acquire Nypro Inc., a provider of manufactured precision plastic products for customers in … Simplifying Complexity.
Jabil Circuit, Inc. (NYSE: JBL) announced an agreement to acquire Nypro Inc., a provider of manufactured precision plastic products for customers in the Healthcare, Packaging and Consumer Electronics industries, with over $1 billion in total annual revenues. PETERSBURG, Fla.--(BUSINESS WIRE)-- Jabil Circuit, Inc. (JBL) today affirmed it has completed its acquisition of Nypro, Inc., a provider of manufactured precision plastic products for customers in the Healthcare, Packaging and Consumer Electronics industries. Getting increasingly innovative products to market quickly, reliably, and securely continues to … We are excited about aggressively pursuing this market on a global basis and look forward to working with the talented people within Nypro. PETERSBURG, Fla.--(BUSINESS WIRE)-- Jabil Circuit, Inc. (JBL) today affirmed it has completed its acquisition of Nypro, Inc., a provider of manufactured precision plastic products for customers in the Healthcare, Packaging and Consumer Electronics industries. 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 combination with Nypro will extend Jabil's materials manufacturing capabilities into the healthcare and consumer packaging markets as well as add depth to our consumer electronics business," said Timothy L. Main, Chairman and CEO of Jabil.