Sealed Air (NYSE: SEE) is buying Intellibot Robotics LLC.
Intellibot, headquartered in Richmond, Virginia, develops robotic commercial floor-cleaning machines. Terms of the deal were not disclosed.
Charlotte, North Carolina-based Sealed Air owns brands that aim to create a safer and less wasteful food supply chain, including Cryovac brand food-packaging services, Bubble Wrap cushioning products and Diversey brand cleaning and hyiene products. The company will add Intellibot to a division that also includes Taski-brand floor cleaning machines.
Sealed Air agreed to sell its medical packaging unit to private equity firm Mason Wells Fundout Fund III in November 2013.