Honeywell Completes $1.325 Billion Sale of Personal Protective Equipment Business to Protective Industrial Products

Reuters
2025/05/23
Honeywell Completes $1.325 Billion Sale of Personal Protective Equipment Business to Protective Industrial Products

Honeywell International Inc. has completed the sale of its Personal Protective Equipment $(PPE.AU)$ business to Protective Industrial Products, Inc. $(PIP)$ for $1.325 billion in an all-cash transaction. This divestiture is part of Honeywell's strategy to optimize and simplify its portfolio, allowing the company to focus on its core businesses. The sale marks Honeywell's exit from the PPE space, following the earlier divestiture of its Lifestyle and Performance Footwear Business. PIP, a global PPE supplier, will now integrate the business into its operations, enhancing its offerings and market reach.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Honeywell International Incorporation published the original content used to generate this news brief via PR Newswire (Ref. ID: NY94662) on May 22, 2025, and is solely responsible for the information contained therein.

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