CHARLOTTE, N.C.--(BUSINESS WIRE)--Sealed Air Corporation (NYSE:SEE) announced today that it has acquired Tampereen Teollsuussähkö Oy (TTS-Ciptec), a company that optimizes Cleaning in Place systems through remote monitoring capabilities and predictive analytics services for industrial use in brewing, beverage and dairy companies.
“TTS-Ciptec’s unique approach and complementary technology in patented sensing and algorithms bolsters our knowledge based services,” said Karl R. Deily, President of Sealed Air’s Food Care division. “Combined with Sealed Air’s expertise in data analytics and experience in the food and beverage industry, this acquisition enhances how we meet our customers’ sustainability needs by saving time, reducing product loss and water and energy consumption, and improving quality, hygiene and yield.”
TTS-Ciptec was founded in 1988 and is headquartered in Tampere, Finland. Its customer base is located primarily in Europe and Latin America.
Terms of the transaction were not disclosed. The transaction closed on July 13, 2016 and is not material to Sealed Air’s financial results.
Business
Sealed Air Corporation creates a world that feels, tastes and works better. In 2015, the Company generated revenue of approximately $7.0 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 23,000 employees who serve customers in 169 countries. To learn more, visit www.sealedair.com.
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