Moulders consolidate to expand markets

US-public listed mobile phone and electronic products maker Jabil Circuit is acquiring US-based custom moulder Nypro for US$665 million. The acquisition is expected to be completed during Jabil’s fiscal third quarter. Nypro manufactures precision products for the healthcare, packaging and consumer electronics industries, with over US$1 billion in total annual revenues and operations in ten countries.

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

In other news, Baird Capital Partners Asia, the China-focused investment group of Baird Private Equity, has invested an undisclosed amount in Boston Plastics, a high precision plastic injection moulding and subassemblies company based in Singapore. Terms were not disclosed.

Founded in 2005, Boston Plastics manufactures products for the automotive, consumer electronics, imaging and industrial markets, serving an extensive international customer base that is seeking to tap into the growing demands of the Chinese consumer. Boston Plastics has facilities in Shanghai, Changchun and Taicang. Through this investment, it is expected that Boston Plastics’s management team will draw from Baird’s expertise in the plastics industry to help position the company for continued growth and future expansion in the automotive, healthcare and clean energy sectors.

(IMA)

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