M&A Deal Summary

Protective Industrial Products Acquires Honeywell - Personal Protective Equipment

On November 22, 2024, Protective Industrial Products acquired consumer products company Honeywell - Personal Protective Equipment from Honeywell for 1.3B USD

Acquisition Highlights
  • This is Protective Industrial Products’ 4th transaction in the Consumer Products sector.
  • This is Protective Industrial Products’ largest (disclosed) transaction.
  • This is Protective Industrial Products’ 7th transaction in the United States.
  • This is Protective Industrial Products’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2024-11-22
Target Honeywell - Personal Protective Equipment
Sector Consumer Products
Buyer(s) Protective Industrial Products
Sellers(s) Honeywell
Deal Type Divestiture
Deal Value 1.3B USD

Target

Honeywell - Personal Protective Equipment

Charlotte, North Carolina, United States
Honeywell's Personal Protective Equipment business is a global provider of PPE for industrial workers, offering a comprehensive and differentiated product portfolio that serves a diverse and resilient set of growing customers and end markets.

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Buyer(S) 1

Buyer

Protective Industrial Products

Latham, New York, United States
Category Company
Founded 1984
Sector Safety/Security
DESCRIPTION

Protective Industrial Products is a provider of consumable personal protective equipment (PPE). Protective Industrial Products was established in 1984 and is headquartered in Latham, New York.

DEAL STATS #
Overall 7 of 7
Sector (Consumer Products) 4 of 4
Type (Divestiture) 2 of 2
State (North Carolina) 1 of 1
Country (United States) 7 of 7
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-25 Boss Manufacturing - Glove Boots & Rainwear Business

Kewanee, Illinois, United States

Boss Manufacturing Co.'s Glove, Boots & Rainwear Business is a distributor of work gloves and personal protective gear to both the consumer and industrial markets, including CAT® branded work gloves and safety products.

Buy -

Seller(S) 1

SELLER

Honeywell

Charlotte, North Carolina, United States
Category Company
Founded 1885
Sector Diversified
Employees95,000
Revenue 36.7B USD (2023)
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 11 of 11
Sector (Consumer Products) 1 of 1
Type (Divestiture) 9 of 9
State (North Carolina) 3 of 3
Country (United States) 8 of 8
Year (2024) 2 of 2
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-25 Honeywell International - Communication & Navigation Product Lines

Charlotte, North Carolina, United States

Honeywell International's Communication & Navigation Product Lines provides exclusive Intellectual Property rights to manufacture, upgrade and repair additional Honeywell Communication and Navigation products.

Sell -
Mergr

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Company

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