Honeywell Energy and Sustainability Solutions reposted this
Today, Honeywell announced our plan to spin off our Advanced Materials business to shareowners. This is the latest step to simplify our portfolio and align it with three compelling megatrends – automation, the future of aviation and energy transition. As an independent business, the Advanced Materials business will be a standout among publicly traded specialty chemical companies. It will benefit from an enhanced strategic focus and the financial flexibility to pursue innovation and growth opportunities through investment cycles. The spin will also enable us to progress Honeywell’s strategic priorities of accelerating organic growth, evolving our Accelerator operating system and enhancing our portfolio mix. We are tremendously excited about the benefits we expect this transaction to deliver for our shareowners, both for the future success of Advanced Materials as well as a simpler, more focused Honeywell. I am excited about future ahead of us. Read our press release here for more detail: