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Protective Industrial Products Completes Acquisition of Honeywell's Personal Protective Equipment Business

1. Protective Industrial Products acquired Honeywell's PPE Business, enhancing their product offerings. 2. Honeywell divests notable protective brands, potentially impacting its market presence.

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FAQ

Why Bearish?

Honeywell loses a strategic business unit reducing future revenue streams, similar to past divestitures.

How important is it?

The divestiture might negatively affect investor sentiment and revenue projections.

Why Short Term?

Immediate market reaction expected due to the loss of prominent product brands.

Related Companies

PIPOOOMNDT
LATHAM, N.Y.--(BUSINESS WIRE)--Protective Industrial Products, Inc. (“PIP®”) announced today the completion of its acquisition of Honeywell's (NASDAQ: HON) 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 world-class portfolio of pro.

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