07:58 AM EST, 11/22/2024 (MT Newswires) -- Honeywell International ( HON ) said Friday that it has agreed to sell its Personal Protective Equipment business to Protective Industrial Products, a portfolio company of Odyssey Investment Partners, for approximately $1.33 billion in cash.

The Honeywell ( HON ) unit has approximately 5,000 employees and operates 20 manufacturing sites and 17 distribution sites in the US, Mexico, Europe, North Africa, Asia Pacific and China.

The company said the deal is expected to close in H1 of 2025.