When it comes to Jabil Circuit Inc., you can now take the "E" out of Electronic Manufacturing Services (EMS)--the tag line used to identify the third-party contract manufacturers that mushroomed to handle outsourced computer and other electronics manufacturing in the 1990s.
The reason is the $665 million acquisition announced week of Nypro, one of the largest contract plastics injection molders in the world.
"Use Global Manufacturing Services to describe us now," says Timothy L. Main, president and CEO of Jabil, which is based in St. Petersburg, FL. Nypro pushes Jabil three to four years ahead in its plan to boost diversified manufacturing capabilities, particularly in healthcare and packaging. And Nypro appealed, he says, because of its 40-year history, its credibility, its people, and its capabilities. The credibility factor is particularly important in the medical field.