Jabil to Pay $665 Million for Nypro
Published: Feb 05, 2013
Jabil Circuit to buy Nypro in a deal worth $665 million, teaming two of the largest contract manufacturers in medical device world. Nypro Inc. said it agreed to a $665 million buyout from Jabil Circuit (NYSE: JBL), 1 of the largest contract manufacturers in the world. Clinton, Mass.-based Nypro manufactures plastic products and components for the healthcare, packaging and consumer goods markets. The privately-held company has about 12,000 employees worldwide and generates roughly $1 billion per year in sales. Jabil, based in St. Petersburg, Fla., reported $17.1 billion in sales in 2012, with about 8% coming from its healthcare and instrumentation business, according to regulatory filings.