HONEYWELL COMPLETES SALE OF PERSONAL PROTECTIVE EQUIPMENT BUSINESS TO PROTECTIVE INDUSTRIAL PRODUCTS
Honeywell (NASDAQ: HON) has completed the sale of its Personal Protective Equipment (PPE) business to Protective Industrial Products (PIP) for $1.325 billion in an all-cash transaction. This divestiture follows Honeywell's strategic portfolio optimization efforts, including its previous exit from the PPE space with the 2021 sale of its Footwear Business to Rocky Brands.
The company has recently announced several strategic moves, including the planned separation of its Aerospace Technologies business and the spin-off of Advanced Materials. Since December 2023, Honeywell has executed $13.5 billion in acquisitions, including purchases from Carrier Global, Civitanavi Systems, CAES Systems, Air Products, and planned acquisitions of Sundyne and Johnson Matthey's Catalyst Technologies Business.
Honeywell (NASDAQ: HON) ha completato la vendita della sua divisione di Dispositivi di Protezione Individuale (DPI) a Protective Industrial Products (PIP) per 1,325 miliardi di dollari in un'operazione interamente in contanti. Questa cessione fa parte degli sforzi strategici di Honeywell per ottimizzare il proprio portafoglio, che includeva anche l'uscita dal settore DPI con la vendita nel 2021 della sua divisione Calzature a Rocky Brands.
Recentemente, l'azienda ha annunciato diverse mosse strategiche, tra cui la prevista separazione della divisione Aerospace Technologies e lo spin-off di Advanced Materials. Da dicembre 2023, Honeywell ha realizzato acquisizioni per un totale di 13,5 miliardi di dollari, includendo acquisizioni da Carrier Global, Civitanavi Systems, CAES Systems, Air Products, oltre agli acquisti programmati di Sundyne e della divisione Catalyst Technologies di Johnson Matthey.
Honeywell (NASDAQ: HON) ha completado la venta de su negocio de Equipos de Protección Personal (EPP) a Protective Industrial Products (PIP) por 1.325 millones de dólares en una transacción totalmente en efectivo. Esta desinversión forma parte de los esfuerzos estratégicos de Honeywell para optimizar su cartera, incluyendo su salida previa del sector de EPP con la venta en 2021 de su negocio de calzado a Rocky Brands.
La compañía ha anunciado recientemente varias acciones estratégicas, incluyendo la separación planificada de su negocio de Tecnologías Aeroespaciales y la escisión de Advanced Materials. Desde diciembre de 2023, Honeywell ha realizado adquisiciones por un total de 13.5 mil millones de dólares, incluyendo compras a Carrier Global, Civitanavi Systems, CAES Systems, Air Products, y adquisiciones planificadas de Sundyne y del negocio de Tecnologías de Catalizadores de Johnson Matthey.
Honeywell (NASDAQ: HON)은 개인 보호 장비(PPE) 사업부를 Protective Industrial Products(PIP)에 13억 2,500만 달러의 전액 현금 거래로 매각을 완료했습니다. 이번 매각은 Honeywell이 포트폴리오 전략 최적화의 일환으로, 2021년에는 신발 사업부를 Rocky Brands에 매각하며 PPE 분야에서 철수한 데 이은 조치입니다.
최근 회사는 항공우주 기술 사업부의 분리 및 Advanced Materials의 스핀오프 등 여러 전략적 움직임을 발표했습니다. 2023년 12월 이후 Honeywell은 Carrier Global, Civitanavi Systems, CAES Systems, Air Products로부터의 인수와 Sundyne 및 Johnson Matthey의 Catalyst Technologies 사업부 인수 계획을 포함해 총 135억 달러 규모의 인수를 실행했습니다.
Honeywell (NASDAQ : HON) a finalisé la vente de sa division Équipements de Protection Individuelle (EPI) à Protective Industrial Products (PIP) pour 1,325 milliard de dollars dans le cadre d'une transaction entièrement en espèces. Cette cession s'inscrit dans les efforts stratégiques d'optimisation de portefeuille de Honeywell, qui avaient déjà conduit à la sortie du secteur des EPI avec la vente en 2021 de sa division Chaussures à Rocky Brands.
L'entreprise a récemment annoncé plusieurs initiatives stratégiques, notamment la séparation prévue de son activité Technologies Aérospatiales et le spin-off de Advanced Materials. Depuis décembre 2023, Honeywell a réalisé des acquisitions pour un montant total de 13,5 milliards de dollars, incluant des achats auprès de Carrier Global, Civitanavi Systems, CAES Systems, Air Products, ainsi que les acquisitions prévues de Sundyne et de la division Technologies Catalytiques de Johnson Matthey.
Honeywell (NASDAQ: HON) hat den Verkauf seines Geschäfts für Persönliche Schutzausrüstung (PSA) an Protective Industrial Products (PIP) für 1,325 Milliarden US-Dollar in einer rein bar bezahlten Transaktion abgeschlossen. Diese Veräußerung ist Teil von Honeywells strategischer Portfolio-Optimierung, zu der auch der frühere Ausstieg aus dem PSA-Bereich durch den Verkauf des Schuhgeschäfts an Rocky Brands im Jahr 2021 gehört.
Das Unternehmen hat kürzlich mehrere strategische Schritte angekündigt, darunter die geplante Abspaltung des Geschäftsbereichs Aerospace Technologies und die Ausgliederung von Advanced Materials. Seit Dezember 2023 hat Honeywell Akquisitionen im Wert von 13,5 Milliarden US-Dollar getätigt, darunter Käufe von Carrier Global, Civitanavi Systems, CAES Systems, Air Products sowie geplante Übernahmen von Sundyne und des Catalyst Technologies Geschäfts von Johnson Matthey.
- Sale of PPE business for $1.325 billion in all-cash transaction strengthens balance sheet
- Strategic portfolio optimization to focus on core businesses
- $13.5 billion in accretive acquisitions since December 2023 showing aggressive growth strategy
- Creation of three separate public companies through planned separations could unlock shareholder value
- Complete exit from the PPE market segment eliminates potential revenue stream
- Multiple simultaneous corporate restructurings could create operational complexity
Insights
Honeywell's $1.325B divestiture of its PPE business supports portfolio optimization while funding $13.5B in strategic acquisitions to drive core business growth.
Honeywell has completed the
This divestiture follows a clear pattern of strategic focus, coming after Honeywell's 2021 exit from the footwear segment and alongside recently announced plans to separate its Aerospace Technologies and Advanced Materials units. The company is executing a deliberate transformation to create three distinct publicly traded entities with clearer value propositions and growth trajectories.
More telling is what Honeywell is doing with this capital redeployment. Since December 2023, the company has announced
The strategic rationale centers on simplification and focus. By divesting non-core assets like the PPE business, Honeywell is streamlining operations while simultaneously investing in areas with higher growth potential and better strategic fit. This portfolio reshaping should enhance operational efficiency, reduce complexity, and potentially improve margin profiles across remaining business segments.
For investors, this represents continued execution of Honeywell's capital allocation strategy – monetizing mature businesses while reinvesting in higher-growth areas that align with the company's technological strengths and market positioning. The
$1.32 5 billion- Positions Honeywell to continue to deliver profitable growth and strong cash generation, creating compelling long-term value for shareowners
The sale further advances Honeywell's efforts to optimize its portfolio, while allowing the PPE business to build a strong future with PIP as it continues to deliver value for its customers across the globe. It also marks the completion of Honeywell's exit from the PPE space, following the 2021 divestiture of Honeywell's Lifestyle and Performance Footwear Business to Rocky Brands.
"Completing the divestiture of our PPE business is another critical step in simplifying and optimizing our portfolio for growth in our core businesses," said Vimal Kapur, Chairman and CEO of Honeywell. "Beyond the benefits for Honeywell, the sale also strengthens PPE's future opportunities given the strong alignment to PIP's core business."
The completion of this sale follows Honeywell's recent announcement of the planned separation of its Aerospace Technologies business along with the previously announced spin of Advanced Materials, which will result in three publicly listed industry leaders with distinct strategies and growth drivers. Since December 2023, Honeywell has announced a number of strategic actions to drive organic growth and simplify its portfolio. This includes
About Honeywell
Honeywell is an integrated operating company serving a broad range of industries and geographies around the world. Our business is aligned with three powerful megatrends – automation, the future of aviation and energy transition – underpinned by our Honeywell Accelerator operating system and Honeywell Forge IoT platform. As a trusted partner, we help organizations solve the world's toughest, most complex challenges, providing actionable solutions and innovations through our Aerospace Technologies, Industrial Automation, Building Automation and Energy and Sustainability Solutions business segments that help make the world smarter and safer as well as more secure and sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.
We describe many of the trends and other factors that drive our business and future results in this release. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act). Forward-looking statements are those that address activities, events, or developments that management intends, expects, projects, believes, or anticipates will or may occur in the future and include statements related to the proposed spin-off of the Company's Advanced Materials business into a stand-alone, publicly traded company and the proposed separation of Automation and Aerospace. They are based on management's assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments, and other relevant factors, many of which are difficult to predict and outside of our control. They are not guarantees of future performance, and actual results, developments and business decisions may differ significantly from those envisaged by our forward-looking statements. We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law. Our forward-looking statements are also subject to material risks and uncertainties, including ongoing macroeconomic and geopolitical risks, such as lower GDP growth or recession, supply chain disruptions, capital markets volatility, inflation, and certain regional conflicts, that can affect our performance in both the near- and long-term. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this release can or will be achieved. These forward-looking statements should be considered in light of the information included in this release, our Form 10-K and other filings with the Securities and Exchange Commission. Any forward-looking plans described herein are not final and may be modified or abandoned at any time.
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