ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Jabil Acquires Retronix to Advance Circular Economy Initiatives

Retronix services bolster Jabil’s efforts to recover, refurbish, and recycle product components and materials to reduce electronic waste

Jabil Inc. (NYSE: JBL), a global leader in design, manufacturing, and supply chain solutions, today announced the successful acquisition of Retronix, an innovative provider in the reclamation and refurbishment of electronic components, completed earlier this year.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231106095179/en/

Retronix sets itself apart by offering the unique Laser Reballing service, an advanced process delivering multiple advantages for High Reliability applications. This technique eliminates the necessity for a reflow, thus mitigating potential harm to the Ball Grid Array (BGA) components and adjacent regions. By reducing thermal stress, it safeguards the component's integrity and aids in extending its lifespan. Retronix also caters to an array of component preparation services such as component retinning, component recovery, and authenticity verification. (Photo: Business Wire)

Retronix sets itself apart by offering the unique Laser Reballing service, an advanced process delivering multiple advantages for High Reliability applications. This technique eliminates the necessity for a reflow, thus mitigating potential harm to the Ball Grid Array (BGA) components and adjacent regions. By reducing thermal stress, it safeguards the component's integrity and aids in extending its lifespan. Retronix also caters to an array of component preparation services such as component retinning, component recovery, and authenticity verification. (Photo: Business Wire)

"We are thrilled to welcome Retronix to the Jabil family," said Frank McKay, chief procurement and supply chain officer at Jabil. "This acquisition demonstrates our commitment to our customers' and our own environmental initiatives. As a trusted partner to many global brands, Jabil feels a strong sense of responsibility to not just support sustainability for ourselves, but to shepherd our customers towards decarbonization solutions like this — the reuse and recycling of electronic components.”

For 30 years, Retronix has been a market leader in component recovery, reballing, retinning, and component authenticity testing services. The deal adds exclusive technologies to Jabil’s portfolio while maintaining security, quality, and certification standards. These services enable the safe extraction of embedded valuable components from printed circuit boards (PCBs) and other electronics to minimize waste, create new value channels, and mitigate future component obsolescence.

The deal adds to Jabil’s current circular economy services including reverse supply chain management, medical device reprocessing, recycled packaging, and emission reductions. It strengthens Jabil’s mission to offer sustainable options to its customers who are increasing the use of electronics in “smart” products like electronic vehicles, home appliances, medical devices, and even packaged goods.

“Like Jabil, Retronix works with leading brands across industries such as telecommunications, defense, automotive, and healthcare. Now, these services will be available to Jabil customers, and together, we will strengthen the circular economy,” said Jed Pecchioli, vice president of supply chain at Jabil. “Being a part of Jabil will make an impact on sustainable manufacturing. From product design to end-of-life, our common goal is to squeeze every bit of life out of every material and reduce electronic waste.”

For more information, please visit: https://retronix.com/

About Jabil:

Jabil (NYSE: JBL) is a manufacturing solutions provider with over 250,000 employees across 100 locations in 30 countries. The world's leading brands rely on Jabil's unmatched breadth and depth of end-market experience, technical and design capabilities, manufacturing know-how, supply chain insights, and global product management expertise. Driven by a common purpose, Jabil and its people are committed to making a positive impact on their local community and the environment. Visit www.jabil.com to learn more.

Contacts

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.