North Carolina, US – Honeywell has announced plans to separate its automation and aerospace businesses, in addition to the previously announced separation of its advanced materials business. The plans result from a year-long comprehensive business portfolio evaluation, and will create three individual businesses.
Honeywell Automation will be a pure-play specialist in the automation field, while Honeywell Aerospace will provide technology and systems to the aviation sector. The advanced materials business offers a range of materials and specialty chemicals with a sustainability focus, including its Solstice HFO polyurethane blowing agents.
The separation of the automation and aerospace businesses will be completed in the second half of 2026. The spin-out of the advanced materials business is expected to be completed by the end of 2025 or early in 2026.
“The formation of three independent, industry-leading companies builds on the powerful foundation we have created, positioning each to pursue tailored growth strategies, and unlock significant value for shareholders and customers,” said Vimal Kapur, Honeywell’s chairman and CEO of Honeywell.
“Our simplification of Honeywell has rapidly advanced over the past year, and we will continue to shape our portfolio to create further shareholder value. We have a rich pipeline of strategic bolt-on acquisition targets, and we plan to continue deploying capital to further enhance each business as we prepare them to become leading, independent public companies.”
