Under the agreement, Symbotic's Artificial Intelligence powered robotics and software automation will be deployed in five of UNFI's distribution centers over the next four years.
In addition, UNFI has an option to implement Symbotic's warehouse automation systems in additional distribution centers.
Symbotic's automation system, with robotic case pick capabilities, is expected to help UNFI transform distribution centers to enhance capabilities and efficiency.
"We are excited to welcome UNFI as a customer and look forward to working with them to transform their distribution centers," said Michael J. Loparco, CEO of Symbotic.
Price Action: UNFI shares are trading higher by 2.76% at $39.50, and SYM is up 0.99% at $10.25 in premarket on the last check Tuesday.
See more from Benzinga
Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.