Sealed Air Corporation announces 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-Ciptecwas 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.