Subsequent Events

9 Months Ended

May 31, 2013

Subsequent Events [Abstract]

Subsequent Events

15. Subsequent Events

The Company has evaluated subsequent events that occurred through the date of the filing of the Company’s third quarter of fiscal year 2013 Form 10-Q. No significant events, other than those disclosed below, occurred subsequent to the balance sheet date and prior to the filing date of this report that would have a material impact on the Condensed Consolidated Financial Statements.

Nypro, Inc. Acquisition

On February 4, 2013, the Company announced an agreement to acquire Nypro Inc. (“Nypro”), a provider of manufactured precision plastic products for customers in the healthcare, packaging and consumer electronics industries, with over $1.0 billion in total annual revenues for the twelve month period ended June 30, 2012. Nypro has approximately 12,000 employees and manufacturing operations in 10 countries. Nypro has advanced capabilities in product design, tooling, injection molding, surface decoration and complete product manufacturing.

On July 1, 2013, the Company completed its acquisition of Nypro by acquiring 100% of the issued and outstanding common shares of Nypro for approximately $665.0 million in cash. The final purchase price is subject to adjustment based on the amounts, as of the closing date, of Nypro’s net working capital and its debt and cash. The acquisition will be accounted for using the acquisition method of accounting in accordance with the business acquisition guidance.