Morgan acted as the exclusive financial advisor to Jabil in this transaction, and Holland & Knight LLP acted as Jabil's legal counsel in this transaction.Join over 13,000 professionals who receive bi-weekly updates on the latest trends, research and insight in tech, IoT and the supply chain. Simplifying Complexity. 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.
To access the replay, call: (855) 859-2056 from within the United States, or (404) 537-3406 outside the United States.
The Nypro trade name will be retained and used to jointly market services to customers in the healthcare and packaging markets for Jabil. "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. Current chairman, Gordon Lankton, a member of the Manufacturing Hall of Fame and the Plastics Hall of Fame, took an ownership interest when joining the company in 1962.
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. The Jabil Healthcare Engineering and Technology (JHET) group serves the world’s leading healthcare brands from early research and design, to product development and test, new product introduction and into a seamless transition to full scale manufacturing.
Jabil bought Nypro from about 2,000 employees who were members of the plastics processor's Employee Stock Ownership Plan.Jabil paid $665 million to buy Nypro. "Nypro was founded in 1955 in Clinton, Massachusetts. A taped replay of the conference call will also be available on February 4, 2013 at approximately 12:00 p.m. The consumer electronics portion of Nypro will be integrated into Jabil's Materials Technology Services. Offering complete product supply chain management from facilities in 29 countries, Jabil provides comprehensive, individualized-focused solutions to customers in a broad range of industries. Further information is available on Jabil's website: jabil.com. All Rights Reserved.Join over 13,000 professionals who receive bi-weekly updates on the latest trends, research and insight in tech, IoT and the supply chain. 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. A vertically integrated, global solutions provider of manufactured precision plastic products, tooling and automation, Nypro operates 20 manufacturing locations in 10 countries. The transaction is expected to be neutral to slightly accretive to Jabil's core earnings per share for the balance of fiscal 2013 and accretive to earnings per share on both a core and GAAP basis in fiscal 2014.©Jabil Inc. 2020. The passcode is: 96971712. Our partnership with Jabil does just that, and I am confident they are an ideal partner for Nypro," said Lankton. 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. "The rigid plastic packaging market is a $140 billion addressable market globally. The company has approximately 12,000 employees and manufacturing operations in 10 countries. Jabil common stock is traded on the New York Stock Exchange under the symbol, "JBL". Delivering Value.Approximately 10,000 Nypro employees will become Jabil employees. The definitive agreement was announced on February 4, 2013. This gives our customers access to unmatched capabilities, experience and scale across Jabil — from design through manufacturing and delivery. ET through midnight on February 11, 2013. Founded in 1955, Nypro is headquartered in Clinton, Massachusetts. "We think this is an important strategic step in Jabil's development of engineering and capability intensive businesses. 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. Nypro, founded in 1955, is a $1.2-billion company that has long-standing relationships with big customers and a global presence. The acquisition purchase price was $665 million, funded from Jabil’s existing cash and credit facilities. "Nypro is a leader in precision plastic consumables and disposables for the healthcare market.
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
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