|
HONEYWELL COMPLETES SALE OF PERFORMANCE FIBERS BUSINESS TO SUN CAPITAL PARTNERS
22 December 2004 - Honeywell Specialty Materials
| Honeywell has completed the sale of its Performance Fibers business to Sun Capital Partners Inc.
|
Honeywell has completed the sale of its Performance Fibers business to Sun Capital Partners Inc.
The Performance Fibers business supplies high tenacity polyester fibre and other materials globally. The business had 2003 revenues of US$368 million and includes production facilities in North Carolina and France as well as joint ventures in China and Korea. The divestment is part of Honeywell Specialty Materials' continued execution of its plan to focus investment on select core businesses built around Growth Platform technologies including fluorines, advanced fibres and composites, reagents, electronic materials and barrier solutions.
http://www.honeywell.com
About: Honeywell Specialty Materials
Specialty Materials, a US$3.2-billion dollar strategic business group of Honeywell, is a world leader in high-performance speciality materials such as fluorocarbons, speciality films, advanced fibres, customized research chemicals and intermediates. It is also one of the top five providers of materials and solutions to the semiconductor industry, and a major producer of nylon 6 in North America. Based in Morristown, New Jersey, the business has approximately 10 000 employees and 45 manufacturing and sales facilities. The business serves diverse market segments including automotive, healthcare, agricultural, electronic and food packaging, polymers and plastics, personal care, air conditioning and refrigeration, security coding, lubricants, paper and packaging, semiconductor, paints and coatings, commercial and residential carpet, as well as body and vehicle protection.
|
More News:
• For December 2004
• From Honeywell Specialty Materials
• For Additives and Chemicals
|
