Economy

Honeywell to sell personal protective equipment business for $1.33 billion

Published

(Reuters) -Honeywell said on Friday it would sell its personal protective equipment business to Protective Industrial Products for about $1.33 billion in cash.

The PPE business is part of the company’s industrial automation segment and the deal is expected to close in the first half of 2025.

The diversified industrial giant is facing a push from activist investor Elliott Investment to split its aerospace and automation businesses.

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