Honeywell Contemplates Divesting Personal Protective Equipment Arm in Light of Dwindling Market Demand
Tuesday, 2 April 2024, 16:57
Honeywell Considers Sale of Face-Mask Business
Honeywell International is contemplating divesting its personal protective equipment business as market demand decreases. The move is in response to the waning trend of Covid-19 and its impact on the need for protective gear.
Potential Sale Worth Over $2 Billion
The potential sale is estimated to fetch the company over $2 billion as it aligns its business strategy with changing market dynamics and evolving customer preferences.
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