July 10 (Reuters) - Industrial giant Honeywell ( HON )

will buy Air Products' liquefied natural-gas process

technology and equipment business for $1.8 billion in cash, the

Wall Street Journal reported on Wednesday, citing people

familiar with the matter.

The deal, which is set to be announced on Wednesday, would

help Honeywell ( HON ) expand its portfolio to add the design and

manufacturing of LNG heat exchangers and related equipment, the

report added.

Honeywell ( HON ) and Air Products did not immediately respond to

Reuters requests for comment.

(Reporting by Aishwarya Jain in Bengaluru; Editing by Shilpi

Majumdar and Shinjini Ganguli)