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Nypro: Sale to Jabil will allow growth

from Plastics News

New ownership will greatly boost Nypro's size to compete in consolidating global markets. The ESOP structure has hampered Nypro's ability to get financing for long-term growth, Ted Lapres, Nypro president and CEO, said. "We do have a very unique company culture and a very proud, long tradition of employee ownership, and our chairman is a legend in the plastics industry," Lapres told financial analysts. more

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