Honeywell announced that it has completed the sale of its personal protective equipment (PPE) business unit to Protective Industrial Products (PIP) in May 2025. With a deal value of $1.325 billion, the sale marks Honeywell’s complete exit from the PPE market as part of its portfolio optimization strategy.
The Honeywell PPE business unit offered a broad range of products in the industrial safety space and served customers in a variety of industries around the world. Protective Industrial Products has expanded its portfolio in this area to strengthen its presence in the industry.
With the completion of the sale, Honeywell will focus on its strategic priorities, while PIP aims to further strengthen its position in the PPE market. This transaction is considered a reflection of consolidation trends across the industry.
For more information, you can readHoneywell’s official statement here.
