Jabil Circuit acquires Nypro

Jabil Circuit, Inc. 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. “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. “We think this is an important strategic step in Jabil’s development of engineering and capability intensive businesses. Combining Nypro’s capabilities and market presence with Jabil’s global scale and expertise should result in great things for customers, employees and investors.” Nypro was founded in 1955 in Clinton, Massachusetts. 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. Mr. Lankton acquired complete ownership in 1968 and led the company to success in new markets and a global presence.

www.nypro.com