Sealed Air Acquires Assets from Intellibot Robotics
Sealed Air Corporation creates a world that feels, tastes and works better.
CHARLOTTE, N.C.--Sealed Air (NYSE:SEE) 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 Airs Diversey Care division and its leading brand of TASKI floor cleaning machines.
"The combination of Diversey Cares industry expertise and global reach and Intellibots 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 todays 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
Website Information
We routinely post important information for investors on our website, www.sealedair.com, in the "Investor Relations" section. We use this website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor the Investor Relations section of our website, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document.
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