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Sealed Air Acquires Assets from Intellibot Robotics

Amsterdam, The Netherlands—Sealed Air today announced the acquisition of certain assets of Intellibot Robotics LLC, a U.S.-based privately owned company that has pioneered the development of commercial floor cleaning robots.

The acquisition includes certain intellectual property, the manufacturing operations in Virginia as well as sales, production and engineering staff. The business will be integrated into Sealed Air’s Diversey Care division and its leading brand of TASKI floor cleaning machines.

The demand for automated cleaning machines is growing rapidly in the world’s developed countries due to significant advances in technology, labor shortages and the need for higher productivity in daily cleaning tasks.

Intellibot’s value proposition is based on “hands-free cleaning” robots which improve the economics of cleaning by reducing labor costs and increasing productivity.

Said Dr. Ilham Kadri, Diversey Care President: “This is another example of how Sealed Air is changing the game and it positions Diversey Care as the first hygiene and cleaning player to enter the industrial robotics arena. Our industry expertise, global reach, design and manufacturing capabilities combined with Intellibot’s groundbreaking artificial intelligence technology will help accelerate the development of the robotic floor cleaning machines market – ultimately driving efficiencies and business value for our industry.”

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.

Diversey Care is a division of Sealed Air Corp., a leader in food safety and security, facility hygiene and product protection. For more information about Diversey Care, please visit www.sealedair.com/company/diversey-care or follow us on LinkedIn, Facebook and Twitter.

About Sealed Air
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

About Intellibot
Intellibot Robotics LLC is the only U.S. manufacturer of robotic, commercial, floor cleaners. A privately held company, Intellibot’s engineering and manufacturing operations are located in Richmond, VA, with headquarters located in Portland, OR, and sales and service teams located throughout the U.S. To learn more, visit www.intellibotrobotics.com

           
Posted On April 15, 2015
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Sealed Air Acquires Assets from Intellibot Robotics
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