US EditionHONEYWELL COMPLETES SALE OF PERSONAL PROTECTIVE EQUIPMENT BUSINESS TO PROTECTIVE INDUSTRIAL PRODUCTS
- On May 22, 2025, in Charlotte, N.C., Honeywell finalized the divestiture of its Personal Protective Equipment business to Protective Industrial Products.
- This transaction follows Honeywell's strategic moves to optimize its portfolio, including divestitures and planned spin-offs initiated since December 2023.
- The all-cash sale, valued at $1.325 billion, transfers the PPE business to PIP, a global PPE supplier owned by Odyssey Investment Partners.
- Chairman and CEO Vimal Kapur stated this divestiture is a critical step to simplify the portfolio and strengthen PPE's future with PIP, adding it "creates compelling long-term value."
- This sale marks Honeywell's exit from the PPE market and supports its focus on core businesses and organic growth through strategic acquisitions.
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PIP completes acquisition of Honeywell’s PPE business - OHS Canada Magazine
Protective Industrial Products, Inc. (PIP) has completed its acquisition of Honeywell’s personal protective equipment (PPE) business. The acquired business includes globally recognized brands such as Fendall, Fibre-Metal, Howard Leight, KCL, Miller, Morning Pride, North, Oliver, Salisbury, and others. PIP is a portfolio company of Odyssey Investment Partners, LLC. This acquisition creates a portfolio of protective equipment and solutions through…
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HONEYWELL COMPLETES SALE OF PERSONAL PROTECTIVE EQUIPMENT BUSINESS TO PROTECTIVE INDUSTRIAL PRODUCTS
$1.325 billion divestiture optimizes and simplifies Honeywell's portfolio Positions Honeywell to continue to deliver profitable growth and strong cash generation, creating compelling long-term value for shareowners
Australian Protective Industrial Products finalises acquisition of Honeywell’s PPE business - Australian Manufacturing
Protective Industrial Products, Inc (PIP), an Australian-based manufacturer and distributor of personal protective equipment, has completed the acquisition of Honeywell’s (NASDAQ: HON) Personal Protective Equipment (PPE) Business.
Personal Protective Equipment Market sees 4.09% CAGR rise, hitting 95.0 Billion USD by 2035 | Cintas, Radians, Ansell, 3M
According to a comprehensive research report by Market Research Future MRFR, Personal Protective Equipment Market Information by Type, Material, End Use, Distribution Channel, Regional- Forecast till 2035, the Personal Protective Equipment Market Size was estimated at 58.7 USD Billion in 2023. The Personal Protective Equipment Market Industry is expected to grow from 61.1 USD Billion in 2024 to 95.0 USD Billion by 2035. The Personal Protective E…
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