Honeywell Divests PPE To Focus On Core Growth

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.PIP is a global supplier and manufacturer of PPE products and a portfolio company of Odyssey Investment Partners.Advances Honeywell's effortsThe 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 customer