US based Honeywell sells PPE business to PIP for $1.325 bn
Honeywell has completed the $1.325 billion all-cash sale of its PPE business to Protective Industrial Products, marking its full exit from the PPE sector. The move supports Honeywell’s strategy to streamline its portfolio and focus on core businesses. This follows recent plans to spin off aerospace and advanced materials and several strategic acquisitions totalling $13.5 billion.
Honeywell has completed the $1.325 billion all-cash sale of its PPE business to Protective Industrial Products, marking its full exit from the PPE sector.
The move supports Honeywell’s strategy to streamline its portfolio and focus on core businesses.
This follows recent plans to spin off aerospace and advanced materials and several strategic acquisitions totalling $13.5 billion.
