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News

Honeywell completes sale of Performance Fibers business to Sun Capital Partners

Honeywell Specialty Materials : 22 December, 2004  (Company News)
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.
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