<p>Honeywell said on Friday it would sell its personal protective equipment business to Protective Industrial Products for about $1.33 billion in cash.</p><p>The PPE business is part of the company's industrial automation segment and the deal is expected to close in the first half of 2025.</p><p>The diversified industrial giant is facing a push from activist investor Elliott Investment to split its aerospace and automation businesses.</p>
<p>Honeywell said on Friday it would sell its personal protective equipment business to Protective Industrial Products for about $1.33 billion in cash.</p><p>The PPE business is part of the company's industrial automation segment and the deal is expected to close in the first half of 2025.</p><p>The diversified industrial giant is facing a push from activist investor Elliott Investment to split its aerospace and automation businesses.</p>