Honeywell Closes Acquisition of Johnson Matthey's Catalyst Tech Unit
HON is trading near its 52-week low of $195.769 (13% above the low).
Summary
Honeywell has completed its acquisition of Johnson Matthey's Catalyst Technologies business, adding a portfolio of process technologies and catalysts to its energy and sustainability offerings. The deal expands Honeywell's capabilities in low-carbon solutions and aligns with its post-spin-off focus on industrial automation and energy transition. No financial terms were disclosed, but the acquisition follows the recent Aerospace spin-off and updated guidance, signaling continued portfolio reshaping. The catalyst business serves petrochemical, refining, and renewable fuels markets, complementing Honeywell's existing UPM and process solutions.
At the time of this announcement, HON was trading at $221.06 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $71.7B. The 52-week trading range was $195.77 to $260.15. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.