Honeywell International Inc. has completed the sale of its Personal Protective Equipment $(PPE.AU)$ business to Protective Industrial Products, Inc. $(PIP)$ for $1.325 billion in an all-cash transaction. This divestiture is part of Honeywell's strategy to optimize and simplify its portfolio, allowing the company to focus on its core businesses. The sale marks Honeywell's exit from the PPE space, following the earlier divestiture of its Lifestyle and Performance Footwear Business. PIP, a global PPE supplier, will now integrate the business into its operations, enhancing its offerings and market reach.
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