Honeywell to spin off advanced materials business

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Honeywell to spin off advanced materials business

) is planning to spin off its advanced materials division, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

According to the WSJ report, the business could be worth more than $10 billion as a separately traded public company.The advanced materials division caters to various industries such as retail, pharmaceuticals, buildings and manufacturing. The business recorded sales of $3.65 billion last year.

 

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