Jabil (JBL -0.4%) tries to diversify by acquiring Nypro, a contract manufacturer of precision...
Monday, February 4, 10:14 AM ETJabil (JBL -0.4%) tries to diversify by acquiring Nypro, a contract manufacturer of precision plastic products, for $665M in cash. Whereas Jabil is dependent on IT and consumer electronics markets (many of which are slumping), Nypro gets much of its $1B+ in annual sales from medical devices and consumer goods. Also, Nypro's injection molding expertise could be of value in other markets. The deal is expected to be "neutral to slightly accretive" to FY13 EPS, and accretive to FY14 EPS. A CC is underway (webcast).
TECH ETFs IN FOCUS
Latest Tech Articles