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HONEYWELL COMPLETES SALE OF PERSONAL PROTECTIVE EQUIPMENT BUSINESS TO PROTECTIVE INDUSTRIAL PRODUCTS
- On May 22, 2025, Honeywell finalized the $1.325 billion all-cash transaction transferring its Personal Protective Equipment business to Protective Industrial Products in Charlotte, North Carolina.
- This divestiture, valued at $1.325 billion in an all-cash transaction, follows Honeywell’s broader strategy to optimize and simplify its portfolio after prior divestitures and planned spin-offs.
- Protective Industrial Products, a global PPE supplier owned by Odyssey Investment Partners, will continue serving customers worldwide and further develop the business.
- Honeywell CEO Vimal Kapur highlighted that finalizing the sale of the PPE business plays an important role in streamlining and enhancing the company’s portfolio to drive growth in its key sectors.
- The sale marks Honeywell's exit from the PPE sector and positions the company to focus on profitable growth and three distinct publicly listed industrial leaders.
38 Articles
38 Articles
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
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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