Seeking Alpha

Honeywell weighs sale of protective equipment unit - Bloomberg

|About: Honeywell International Inc. (HON)|By: , SA News Editor

Honeywell (NYSE:HON) is exploring a sale of its personal protective equipment unit that makes everything from gas masks to goggles to work boots, Bloomberg reports.

The unit, part of the company's safety products business, could fetch as much as $2B, according to the report.

Honeywell is pruning non-core assets, and its recent disappointing sales forecast amid an industrial slowdown may force the company to depend more on cost savings to boost profit.