iRobot did not end up here because it made one dramatic choice. Its bankruptcy because a lot of choices disappeared. On December 14, 2025, iRobot filed for Chapter 11 bankruptcy protection aand said it plans to be acquired through the process by Picea, its main contract manufacturer and also a secured lender. That detail matters more than the headlines. A supplier is one thing. A supplier who is also a creditor is something else. This is not a story about “a factory takeover