Honeywell Sells PPE Business to Protective Industrial Products for $1.325 Billion
Honeywell, a global leader in automation, the future of aviation, and energy transition, announced the sale of its Personal Protective Equipment (PPE) business to Protective Industrial Products, Inc. (PIP), a portfolio company of Odyssey Investment Partners. This allcash transaction worth $1.325 billion will allow Honeywell to simplify its portfolio, focusing more on its core areas…