Jabil

Founded in 1966 in the Detroit area, Jabil initially focused on circuit board assembly production and repair for Control Data Systems.{{Cite web|url=https://www.encyclopedia.com/social-sciences-and-law/economics-business-and-labor/businesses-and-occupations/jabil-circuit-inc |title=Jabil Circuit, Inc |website=Cengage}} The company name, Jabil, derives from the combination of the first names of its founders, James Golden and Bill Morean. After Golden exited the business, Bill Morean's son, William, joined the company and gradually began to shape its direction by signing new contracts, including an offer to purchase a majority stake in the company.

In 1979, Jabil established a high-volume manufacturing partnership with General Motors (GM), moving towards automated manufacturing and advanced assembly technology.

In 1981, Jabil introduced independent test engineering and development services. A year later, the company started volume production of circuit boards with manual surface-mount technology (SMT) processes. By 1984, Jabil had implemented computer-aided design services for production. A year later, the company transitioned to highly automated volume production using SMT processes. Towards the end of the 1980s, Jabil adopted the automated tape-automated bonding (TAB) process for circuit board production.{{cite news | title=Labouring in obscurity: electronics manufacturing | newspaper=The Economist | date=September 17, 1994 }}

In 1982, Jabil moved its headquarters from Detroit to St. Petersburg, Florida.

In April 1993, Jabil became a publicly traded company, listing its shares on the New York Stock Exchange.{{cite news | title=Equity Issues This Week | newspaper=The New York Times | url=https://www.nytimes.com/1993/04/26/business/equity-issues-this-week.html |date=April 26, 1993 | access-date = 25 June 2012}}{{cite web | title=Investor FAQ | url=http://jbl.client.shareholder.com/faq.cfm | access-date=25 June 2012 | archive-url=https://web.archive.org/web/20120615101956/http://jbl.client.shareholder.com/faq.cfm | archive-date=2012-06-15 | url-status=dead }}

In 1997, Jabil expanded its manufacturing capacity and workforce, completing a new 120,000-square-foot building in St. Petersburg.

In 2001, Jabil was added to the S&P 500 Index.{{cite web | last=Salveggi | first=Anthony | title=Jabil Flexes Its Muscles Amidst| publisher=Tampa Bay Business Journal | date=9 May 2005| url= http://www.bizjournals.com/tampabay/stories/2005/05/09/focus3.html?page=2| access-date = 27 August 2012}}

In 2013, William D. Morean retired and was succeeded by Timothy Main as board chairman.{{cite news | title =William D. Morean To Retire From Jabil | newspaper =Tampa Bay Business Journal| date =18 October 2012| url =http://www.bizjournals.com/tampabay/news/2012/10/18/william-d-morean-to-retire-from-jabil.html | access-date =1 March 2013}}{{cite news | last =Manning | first =Margie | title =Jabil Shakes Up Executive Ranks | newspaper =Tampa Bay Business Journal| date = 31 January 2013| url =http://www.bizjournals.com/tampabay/blog/morning-edition/2013/01/jabil-shakes-up-executive-ranks.html | access-date =1 March 2013}} Later, William E. Peters was named president and Mark Mondello was appointed CEO.

In 2014, Jabil was moved from the S&P 500 Index to the S&P MidCap 400 Index.{{Cite web|url=https://www.tampabay.com/archive/2014/10/31/jabil-circuit-is-moving-from-s-p-500-to-s-p-midcap-400/|title=Jabil Circuit Is Moving From S&P 500 to S&P Midcap 400|website=Tampa Bay Times}}

In 2017, Jabil announced that it would be closing its first European international plant in Livingston, United Kingdom, by the end of the year. Two hundred sixty-six employees in Livingston would lose their jobs.{{Cite web | url=http://globalsmtuk.net/industry_news/jobs-threatened-at-jabil-electronics-plant-in-livingston/ | title=Level 3 Jobs threatened at Jabil electronics plant in Livingston | access-date=2017-04-04 | archive-url=https://web.archive.org/web/20170404220439/http://globalsmtuk.net/industry_news/jobs-threatened-at-jabil-electronics-plant-in-livingston/ | archive-date=2017-04-04 | url-status=dead }} Jabil laid off approximately 400 people in September 2016, 100 of those being corporate employees located in St. Petersburg Florida.{{cite web | title=Jabil Circuit laying off 400 workers, including nearly 100 in St. Petersburg | publisher=Tampa Bay Times | date=9 September 2015| url= https://www.tampabay.com/news/business/corporate/jabil-circuit-laying-off-400-workers-including-nearly-100-in-st-petersburg/2294393/| access-date = 4 April 2017}} In March 2024, the company announced it would lay off 120 workers in Vancouver, Washington.{{cite news |last1=Rogoway |first1=Mike |title=Electronics manufacturer Jabil will lay off 120 in Vancouver |url=https://www.msn.com/en-us/money/other/electronics-manufacturer-jabil-will-lay-off-120-in-vancouver/ar-BB1jjCxm |work=www.msn.com |publisher=The Oregonian |date=2024-03-04}}

In January 2023, it was reported that Jabil had started manufacturing components for AirPods in India.{{Cite web |title=Apple's India supplier Jabil making AirPods parts for export-Bloomberg |website=Reuters |url=https://www.reuters.com/technology/apples-india-supplier-jabil-making-airpods-parts-export-bloomberg-2023-01-30/ |access-date=2024-04-05}} In December 2023, Jabil rejoined the S&P 500 index.{{Cite news|url=https://www.bloomberg.com/news/articles/2023-12-01/uber-jabil-and-builders-firstsource-set-to-join-s-p-500|title=Uber, Jabil and Builders FirstSource Set to Join S&P 500|newspaper=Bloomberg |date=December 1, 2023|via=www.bloomberg.com}}{{Cite news |last=Glickman |first=Ben |title=Uber, Jabil, Builders FirstSource to Join S&P 500 |url=https://www.wsj.com/finance/uber-jabil-builders-firstsource-to-join-s-p-500-e194b76e |access-date=2024-04-05 |work=WSJ |language=en-US}}

On 19 April 2024, Jabil announced that CEO Kenny Wilson would take paid leave pending an investigation related to company policies, although not affecting the company's financial statements or reporting. Following Wilson's leave, which began on April 15, CFO Michael Dastoor was appointed as interim CEO by the board of directors.{{Cite web |date=2024-04-18 |title=Jabil's stock declines as CEO Kenny Wilson goes on paid leave pending an investigation |url=https://www.morningstar.com/news/marketwatch/20240418955/jabils-stock-declines-as-ceo-kenny-wilson-goes-on-paid-leave-pending-an-investigation |access-date=2024-04-19 |website=Morningstar, Inc. |language=en}} Following the completion of the investigation, Wilson resigned from the company and Dastoor was named CEO.{{Cite web |last=Gerut |first=Amanda |date=May 24, 2024 |title=CEO at $14 billion electronics firm can't talk about his resignation following an internal investigation |url=https://fortune.com/2024/05/24/jabil-ceo-kenneth-wilson-tech-electronics-banned-exit-million/ |access-date=2024-05-26 |website=Fortune |language=en}}

Jabil has acquired numerous companies and arms of companies. Their acquisitions have expanded their presence in countries such as China, Mexico, India, Spain, the Netherlands and Russia.{{cite web| title=Jabil Global Services Netherlands B.V.| url=http://company.info/org/341913790000/Jabil_Global_Services_Netherlands_B.V._Schiphol-Rijk/nieuws_jaarverslag_cijfers_management_uittreksel_markt| access-date=27 August 2012| archive-date=21 March 2014| archive-url=https://web.archive.org/web/20140321194255/http://company.info/org/341913790000/Jabil_Global_Services_Netherlands_B.V._SCHIPHOL-RIJK/nieuws_jaarverslag_cijfers_management_uittreksel_markt| url-status=dead}}

In 1999, Jabil began its operations in China by acquiring GET Manufacturing.{{Cite web |last= |date=1999-09-13 |title=Jabil Circuit moves into China with acquisition of GET Manufacturing |url=https://www.eetimes.com/jabil-circuit-moves-into-china-with-acquisition-of-get-manufacturing/ |access-date=2024-06-04 |website=EE Times}}{{Cite news |date=1999-08-06 |title=Jabil Circuit in $250 Million Deal for Get Manufacturing |url=https://www.nytimes.com/1999/08/06/business/company-news-jabil-circuit-in-250-million-deal-for-get-manufacturing.html |access-date=2024-04-19 |work=The New York Times |language=en-US |issn=0362-4331}}{{Cite web|url=https://www.tampabay.com/archive/1999/08/06/jabil-buys-into-chinese-market/|title=Jabil buys into Chinese market|website=Tampa Bay Times}}

In 2001, Jabil expanded its manufacturing capability and acquired Intel's manufacturing facility in Malaysia.{{Cite web |last= |date=2001-09-20 |title=Intel sells plant as part of outsourcing deal with Jabil |url=https://www.eetimes.com/intel-sells-plant-as-part-of-outsourcing-deal-with-jabil/ |access-date=2024-04-19 |website=EE Times}} A year later, the company acquired a factory of Lucent Technologies in Shanghai.{{Cite web |last= |date=2002-05-23 |title=Jabil Circuit to acquire Lucent factory in Shanghai |url=https://www.eetimes.com/jabil-circuit-to-acquire-lucent-factory-in-shanghai/ |access-date=2024-06-04 |website=EE Times}}{{Cite web |title=Jabil buys Lucent's Shanghai assets |url=https://www.bizjournals.com/tampabay/stories/2002/11/25/daily17.html |access-date=2024-04-19 |website=www.bizjournals.com}} In 2002, the company also acquired contract manufacturing services of Philips.{{Cite web|url=https://www.tampabay.com/archive/2002/08/29/jabil-buys-most-of-philips-unit/|title=Jabil buys most of Philips unit|website=Tampa Bay Times}}{{Cite web|url=https://www.wsj.com/articles/SB1030535903593585395|title=Jabil to Buy Contract Business From Philips for $231.1 Million |website=Wall Street Journal |date=August 28, 2002 |access-date=August 5, 2024}}{{Cite web |title=Jabil buys Philips consumer electronics division |url=https://www.bizjournals.com/tampabay/stories/2002/08/26/daily19.html |access-date=2024-04-19 |website=www.bizjournals.com}}

In 2005, Jabil acquired Varian's electronics manufacturing business for $195 million.{{Cite web |last= |date=2005-02-07 |title=Jabil to acquire EMS business of Varian |url=https://www.eetimes.com/jabil-to-acquire-ems-business-of-varian/ |access-date=2024-06-04 |website=EE Times}}{{Cite web|url=https://www.forbes.com/2005/02/07/0207automarketscan08.html|title=Varian Deal Is 'Positive' For Jabil Circuit|website=Forbes}}{{Cite web|url=https://www.wsj.com/articles/SB110778595502347650|title=Jabil Circuit to Buy Varian Unit - WSJ|work=Wall Street Journal |date=8 February 2005 }} A year later, Jabil expanded its operations to Taiwan and acquired Green Point for $881 million through its subsidiary Jabil Circuit Taiwan.https://www.reuters.com/article/idUSTP160462/ {{Bare URL inline|date=August 2024}}{{Cite web|url=https://www.taipeitimes.com/News/biz/archives/2007/03/10/2003351740|title=Jabil takes control of the Green Point Enterprises board - Taipei Times|date=March 10, 2007|website=Taipei Times}}

In 2011, Jabil acquired Telmar Network, a communication network service provider based in Texas.{{Cite web|url=https://www.businessobserverfl.com/news/2011/aug/25/jabil-buys-145-million-firm/|title=Jabil buys $145 million firm|date=August 25, 2011|website=Business Observer}}{{Cite web|url=https://www.militaryaerospace.com/defense-executive/article/16716898/jabil-enhances-expertise-in-reverse-logistics-and-repair-services-with-acquisition-of-telmar-network-technology|title=Jabil enhances expertise in reverse logistics and repair services with acquisition of Telmar Network Technology|first=John|last=Keller|date=December 4, 2011|website=Military Aerospace}}

In February 2013, Jabil acquired Nypro for $665 million in cash.{{cite news | last =Savitz | first =Eric | title =Jabil Circuit To Buy Nypro For $665 million In Cash | newspaper =Forbes| date =4 February 2013 | url =https://www.forbes.com/sites/ericsavitz/2013/02/04/jabil-circuit-to-buy-nypro-for-665-million-in-cash/ | access-date =12 August 2013 }} The purchase was completed in July 2013.{{cite news | last =Cashill | first =Margaret | title =Jabil Circuit Completes Nypro Deal | newspaper =Tampa Bay Business Journal| date =1 July 2013 | url =http://www.bizjournals.com/tampabay/news/2013/07/01/jabil-circuit-acquires-nypro.html| access-date =12 August 2013 }}{{cite web| title=Nypro Moves into Smart Packaging, Extending Reach into Europe and Food & Beverage Markets| date=28 September 2015| url=http://jbl.client.shareholder.com/releasedetail.cfm?ReleaseID=933463| access-date=28 October 2015| archive-url=https://web.archive.org/web/20151004005210/http://jbl.client.shareholder.com/releasedetail.cfm?ReleaseID=933463| archive-date=2015-10-04| url-status=dead}}

In 2015, Jabil acquired Shemer Group, an Israeli metal fabrication company specializing in contract manufacturing for high-tech capital equipment manufacturers.{{Cite web|url=https://circuitsassembly.com/ca/news-itemid-fix/25340-jabil-acquires-israeli-metal-fab-company.html|title=Circuits Assembly Online Magazine - Jabil Acquires Israeli Metal Fab Company|website=circuitsassembly.com}}{{Cite news|url=https://en.globes.co.il/en/article-jabil-opens-israel-optics-innovation-center-1001237732|title=Jabil opens Israel optics innovation center|date=May 23, 2018|newspaper=Globes}} In the same year, the company acquired Plasticos Castella, a Spain-based food and consumer packaging manufacturer.{{Cite web|url=https://www.nspackaging.com/news/nypro-expands-smart-packaging-capabilities-with-plasticos-castella-acquisition/|title=Nypro expands smart packaging capabilities with Plasticos Castella acquisition|date=September 30, 2015}}

In 2018, Jabil acquired the medical devices business of Johnson & Johnson.{{Cite web|url=https://www.circuitsassembly.com/ca/editorial/menu-news/30092-jabil-signs-1b-deal-to-acquire-johnson-johnson-medical-sites.html|title=Circuits Assembly Online Magazine - Jabil Signs $1B Deal to Acquire Johnson & Johnson Medical Sites|website=www.circuitsassembly.com}}{{Cite web|url=https://gazette.com/business/johnson-johnson-turning-over-monument-operation-to-jabil/article_0e067044-e139-11e8-b23d-cb8ac5849bd9.html|title=Johnson & Johnson turning over Monument operation to Jabil|first=Wayne|last=Heilman|date=November 5, 2018|website=Colorado Springs Gazette}}

In 2021, Jabil acquired Ecologic Brands.{{Cite web|url=https://www.cnn.com/2023/08/28/cars/china-byd-jabil-purchase-hnk-intl/index.html|title=BYD unit buys US firm Jabil's China mobility business for $2.2 billion |date=August 28, 2023|website=CNN}}

In August 2023, Jabil sold its mobility business in China to BYD. In November 2023, Jabil acquired the Silicon Photonics business of Intel.{{Cite web|url=https://www.tomshardware.com/news/jabil-to-acquire-intels-silicon-photonics-business|title=Jabil to Acquire Intel's Silicon Photonics Business|author1=Anton Shilov|date=October 31, 2023|website=Tom's Hardware}}{{Cite web|url=https://www.crn.com/news/components-peripherals/intel-divests-another-non-strategic-business-this-time-to-jabil|title=Intel Offloads Silicon Photonics Product Line To Jabil | CRN|first=Joseph F.|last=Kovar|website=www.crn.com}}

In November 2023, Jabil acquired ProcureAbility.{{Cite web |date=November 1, 2023 |title=ProcureAbility now backed by Jabil Inc. |url=https://procureability.com/news/procureability-continues-to-transform-the-procurement-services-landscape-with-an-expanded-industry-leading-suite-of-procurement-and-supply-chain-services-backed-by-jabil-inc/}}

{{Reflist|3}}

• {{Official website|http://www.jabil.com}}

{{Finance links

| name = Jabil Inc.

| symbol = JBL

| reuters = JBL.N

| bloomberg = JBL:US

| sec_cik = 898293

| yahoo = JBL

| google = JBL:NYSE

}}

{{Major OEMs}}

{{Authority control}}

Category:Companies based in St. Petersburg, Florida

Category:Manufacturing companies based in Florida

Category:Electronics companies established in 1966

Category:Companies listed on the New York Stock Exchange

Category:Electronics manufacturing

Category:Electronics companies of the United States

Category:1966 establishments in Michigan

Category:1993 initial public offerings

Category:Electronics manufacturing companies