Honeywell International ( (HON) ) has shared an announcement.
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Honeywell announced plans to spin off its Advanced Materials business into a separate publicly-traded company, expected to be completed by the end of 2025 or early 2026. This tax-free transaction aims to allow both entities to focus on their strategic goals and capitalize on growth opportunities. The new company will focus on sustainability and specialty chemicals, building on its forecasted $3.8 billion revenue and strong EBITDA margin. Honeywell will continue to align with megatrends such as automation, the future of aviation, and energy transition, enhancing its portfolio through strategic acquisitions and divestitures.
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