Deals
Odyssey in Advanced Talks to Buy Honeywell’s Face Mask Unit
- Deal could value Honeywell asset at about $1.5 billion
- Honeywell looks to sell unit after demand slows post-pandemic
A worker at a Honeywell International Inc. factory producing N95 masks in Phoenix, Arizona.
Photographer: Brendan Smialowski/AFP/Getty ImagesThis article is for subscribers only.
Odyssey Investment Partners is in advanced talks to acquire Honeywell International Inc.’s personal protective equipment unit, people familiar with the matter said.
The private equity firm is putting the finishing touches on a deal that could be announced in the coming weeks, according to the people. The acquisition could value Honeywell’s PPE unit at about $1.5 billion, they said.