M&A Deal Summary

Sealed Air Acquires Tampereen Teollsuussähkö Oy

On July 14, 2016, Sealed Air acquired test/measurement equipment company Tampereen Teollsuussähkö Oy

Acquisition Highlights
  • This is Sealed Air’s 1st transaction in the Test/Measurement Equipment sector.
  • This is Sealed Air’s 1st transaction in Finland.

M&A Deal Summary

Date 2016-07-14
Target Tampereen Teollsuussähkö Oy
Sector Test/Measurement Equipment
Buyer(s) Sealed Air
Deal Type Add-on Acquisition

Target

Tampereen Teollsuussähkö Oy

Tampere, Finland
Tampereen Teollsuussähkö Oy (TTS-Ciptec) is 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.

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Buyer(S) 1

Buyer

Sealed Air

Charlotte, North Carolina, United States

Category Company
Founded 1960
Sector Packaging
Employees16,400
Revenue 5.4B USD (2024)
DESCRIPTION
Entrance to Sealed Air's corporate headquarters in Charlotte, North Carolina.
Entrance to Sealed Air's corporate headquarters in Charlotte, North Carolina.

Sealed Air is a provider of food safety and security, facility hygiene and product protection. Sealed Air serves an array of end markets including food and beverage processing, food service, retail, healthcare and industrial, and commercial and consumer applications. Sealed Air was formed in 1960 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 11 of 19
Sector: Test/Measurement Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 8 of 14
Country: Finland M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-17 Dry Lube

Edinburgh, United Kingdom

Dry Lube Ltd. is a specialized water-free conveyor lubrication technology and service provider for the food and beverage industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-27 Diversey

Fort Mill, South Carolina, United States

Diversey is a hygiene and cleaning solutions company that integrates chemicals, floor care machines, tools, and equipment, with a wide range of technology-based value-added services, food safety services, and water and energy management. Diversey was incorporated in 1923 and is based in Fort Mill, South Carolina.

Sell $3.2B