Sealed Air Acquires Assets from Intellibot Robotics

Wednesday, April 15, 2015

CHARLOTTE, NC — Sealed Air (NYSE: SEE) today announced the acquisition of Intellibot Robotics LLC, a US-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 efficiency and business value for the hygiene industry,” said Dr Ilham Kadri, President, Diversey Care.

The 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.


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