Honeywell Spins Off ADI

Following a portfolio review, Honeywell has announced plans to spin off its home product portfolio and ADI distribution business into a separate publicly-traded company by the end of 2018.

In the company statement, the homes and ADI distribution business will “be a leader in the home heating, ventilation and air conditioning (HVAC) controls and security markets, and a leading global distributor of security and fire protection products.”

For more information visit: https://www.honeywell.com