Holland & Knight Advises Jabil Circuit on $655 Million Acquisition of Nypro
Tampa, Fla. (July 2, 2013) — Holland & Knight represented electronics manufacturer Jabil Circuit, Inc. (NYSE: JBL) in its acquisition of Nypro, Inc., a provider of manufactured precision plastic products for customers in the healthcare, packaging, and consumer electronics industries. The Massachusetts-based Nypro was principally owned by its chairman and an employee stock ownership plan (ESOP). The $655 million acquisition was finalized on July 1, 2013.
The combination is expected to allow Jabil, which is headquartered in St. Petersburg, Fla., to bolster its position in key markets, such as healthcare, and expand the market in packaging for customers in the food and beverage, household, and personal care industries. Jabil currently has facilities in 29 countries and clients in a broad range of industries. Nypro operates numerous manufacturing locations in 10 countries.
Holland & Knight corporate partner Chet Bacheller led the firm's representation of Jabil.