Apr 17 2015
Sealed Air today announced the acquisition of Intellibot Robotics LLC, a U.S.-based privately owned company that has pioneered the development of robotic commercial floor cleaning machines.
The acquisition includes certain intellectual property, the manufacturing and engineering operations in Richmond, Virginia, and sales. The business will be integrated into Sealed Air’s Diversey Care division and its leading brand of TASKI floor cleaning machines.
“The combination of Diversey Care’s industry expertise and global reach and Intellibot’s artificial intelligence technology will help accelerate the development of the robotic floor cleaning machines market – ultimately driving efficiencies and business value for the hygiene industry,” said Dr. Ilham Kadri, President, Diversey Care.
Financial terms of the transaction were not disclosed. Sealed Air does not expect the transaction to be material to its consolidated financial position or results of operation.
Business
Sealed Air Corporation creates a world that feels, tastes and works better. In 2014, the Company generated revenue of approximately $7.8 billion by helping our customers achieve their sustainability goals in the face of today’s biggest social and environmental challenges. Our portfolio of widely recognized brands, including Cryovac® brand food packaging solutions, Bubble Wrap® brand cushioning and Diversey® cleaning and hygiene solutions, enables a safer and less wasteful food supply chain, protects valuable goods shipped around the world, and improves health through clean environments. Sealed Air has approximately 24,000 employees who serve customers in 175 countries. To learn more, visit www.sealedair.com.
Diversey Care is a division of Sealed Air. To learn more about Diversey Care, visit http://www.sealedair.com/company/diversey-care
Source: http://www.sealedair.com/