finance.yahoo.com / Yahoo! Finance
npub1vap…wc3n
2024-11-22 15:01:50
Author Public Key
npub1vap2usgr7nawhqexfk247ap0nfs34jqpjrxqqslrkv3rrrx8aessgrwc3nPublished at
2024-11-22 15:01:50Event JSON
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"Honeywell has announced the sale of its personal protective equipment (PPE) business to Protective Industrial Products for approximately $1.33 billion in cash. The sale is expected to close in the first half of 2025 and is part of the company's efforts to align its portfolio with megatrends such as automation, aviation, and energy transition. The PPE business is part of Honeywell's industrial automation segment and will be retained by Protective Industrial Products, which is owned by private equity firm Odyssey Investment Partners."
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