Honeywell plans to spin off its Advanced Materials business by late 2025/early 2026.

Honeywell plans to spin off its Advanced Materials business into a separate publicly traded company by late 2025 or early 2026. This strategic move aims to enhance financial flexibility and drive growth in sustainability-focused specialty chemicals and materials. The spin-off is designed to be tax-free for shareholders and will not affect Honeywell's fiscal 2024 guidance, aligning with key trends in automation, aviation, and energy transition.

October 08, 2024
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