Sealed Air buys Finnish company

by MM&D Online Staff

CHARLOTTE, North Carolina—Sealed Air Corporation 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 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.