Jabil to buy Nypro

Jabil Circuit, Inc. ( JBL ) has announced an agreement to acquire Nypro Inc. for US$665 million. Acquisition is expected to be completed during Jabil's fiscal third quarter.

Nypro is a provider of manufactured precision plastic products for customers in the Healthcare, Packaging and Consumer Electronics industries, with over US$1 billion in total annual revenues and operating in 10 countries.

The 12,000-staff Nypro has advanced capabilities in product design, tooling, injection moulding, surface decoration and complete product manufacturing.

Jabil Circuit expects the transaction to be neutral to slightly accretive to its 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.

(IMA)


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