Protective Industrial Products (PIP), a portfolio company of private equity investment firm Odyssey Investment Partners, has agreed to acquire the personal protective equipment (PPE) business of Honeywell in a $1.33bn all-cash transaction.
The Honeywell PPE Business offers a comprehensive portfolio of world-class personal protective equipment (PPE) products, including leading brands Fendall, Fibre-Metal, Howard Leight, KCL, Miller, Morning Pride, North, Oliver, Salisbury, UVEX, and others.
The PPE Business includes a strong global footprint with more than 25 distribution and manufacturing locations around the world.
The transaction, which is expected to be completed in the first half of 2025, is subject to customary closing conditions.
