Investment Summary

Honeywell Invests In UOP

On December 1, 2005, Honeywell invested in distribution company UOP from Allied Signal and Union Carbide for 825M USD

Investment Highlights
  • This is Honeywell’s 2nd transaction in the Distribution sector.
  • This is Honeywell’s 10th largest (disclosed) transaction.
  • This is Honeywell’s 22nd transaction in the United States.
  • This is Honeywell’s 3rd transaction in Illinois.

Investment Summary

Date 2005-12-01
Target UOP
Sector Distribution
Investor(s) Honeywell
Sellers(s) Allied Signal
Union Carbide
Deal Type Stake Purchase
Deal Value 825M USD

Target

UOP

Des Plaines, Illinois, United States
website
UOP LLC, a supplier and licensor of process technology, catalysts, process plants and consulting services to the petroleum refining, petrochemical and gas processing industries.

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Investor(S) 1

Investor

Honeywell

Charlotte, North Carolina, United States

website


Category Company
Founded 1885
Sector Diversified
Employees97,000
Revenue 35.5B USD (2022)
DESCRIPTION
Honeywell office in Hyderabad, India.
Honeywell office in Hyderabad, India.

Honeywell is a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation. Honeywell was founded in 1885 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 29 of 82
Sector (Distribution) 2 of 2
Type (Stake Purchase) 4 of 5
State (Illinois) 3 of 3
Country (United States) 22 of 54
Year (2005) 6 of 6
Size (of disclosed) 10 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-30 Tridium

Richmond, Virginia, United States

Tridium is the global leader in open platforms, application software frameworks, automation infrastructure technology, energy management and device-to-enterprise integration solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-24 BW Technologies

Calgary, Alberta, Canada

BW Technologies develops and manufacturers gas detection instrumentation to protect personnel and facilities around the world. Reliable, technology-driven instruments provide cost-effective solutions to all your gas detection needs.

Buy -

Seller(S) 2

SELLER

Allied Signal

Hebron, Kentucky, United States

website


Category Company
Sector Automotive
DESCRIPTION

Allied Signal manafuctures barake pads brake rotors, bearings and drums for engine parts of vehicle.


DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Stake Purchase) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2005) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-08-18 Johnson Matthey - Electronic Materials Division

United Kingdom

The Electronic Materials Division (EMD) is a leading supplier of advanced interconnect products and services and semiconductor materials to the global electronics industry. In the year ended 31st March 1999 the Division had sales of £414.7 million and reported an operating profit of £22.1 million. Net operating assets at 31st March 1999 were £262.0 million.

Buy $655M
SELLER

Union Carbide

Houston, Texas, United States

website


Category Company
Founded 1917
Sector Chemicals
Employees2,400
DESCRIPTION

Union Carbide Corp. is a chemical and polymers company. The company possesses some of the industry's most advanced process and catalyst technologies, and operates some of the most cost-efficient, large-scale production facilities in the world.


DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Stake Purchase) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2005) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-08-01 UOP

Des Plaines, Illinois, United States

UOP LLC, a supplier and licensor of process technology, catalysts, process plants and consulting services to the petroleum refining, petrochemical and gas processing industries.

Buy -