Honeywell has completed the sale of its Personal Protective Equipment (PPE) business to Protective Industrial Products, Inc. for $1.325 billion in an all-cash transaction.\n\nPIP is a global supplier and manufacturer of PPE products and a portfolio company of Odyssey Investment Partners.\n\nThe sale further advances Honeywell's efforts to optimize its portfolio, while allowing the PPE business to build a strong future with PIP as it continues to deliver value for its customers across the globe.\n\nIt also marks the completion of Honeywell's exit from the PPE space, following the 2021 divestiture of Honeywell's Lifestyle and Performance Footwear Business to Rocky Brands.\n\n\"Completing the divestiture of our PPE business is another critical step in simplifying and optimizing our portfolio for growth in our core businesses,\" said Vimal Kapur, Chairman and CEO of Honeywell.\n\nHe adds, \"Beyond the benefits for Honeywell, the sale also strengthens PPE's future opportunities given the strong alignment to PIP's core business.\"

Honeywell Divests PPE To Focus On Core Growth

Honeywell completed the sale of its Personal Protective Equipment (PPE) business to Protective Industrial Products (PIP) for $1.325 billion in an all-cash transaction. PIP, a global supplier and portfolio company of Odyssey Investment Partners, will now focus on growing the PPE business. This follows Honeywell's 2021 exit from the PPE space via the sale of its Lifestyle and Performance Footwear Business to Rocky Brands.